Business Use Accumulated AMT

If the business use has not been 100 percent throughout the life of the asset this field may be used to enter the net business use accumulated AMT depreciation. Do not include prior year bonus depreciation. This is used for California purposes only.

If the automatic sale feature is used with this asset, this entry will be used for the computation of total AMT depreciation rather than the gross accumulated AMT depreciation amount entered in the Accumulated AMT - State Column field. This will only be used for the computation of gain or loss. The entry in the Accumulated AMT - State Column field will still be used for the current year AMT depreciation computation.

Note: If the business use has varied during the life of the asset and the sale of the asset is subject to Section 1250 recapture of accelerated depreciation, the automatic sale feature cannot be used. Instead, the Gains and Losses worksheet, Business Property,Casualties and Thefts section or the Installment Sales worksheet, General section must be used to enter the applicable recapture information.