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A change to AMT adjustments for depreciation on Forms 6251, 4626, Sched I (Form 1041) -- 19-JAN-2017

Section 143(b) of the PATH Act has amended the additional first year depreciation deduction under section 168(k) of the Code.

Prior to the change to section 168(k), if you elected not to take the special depreciation allowance for qualified property, the property may have been subject to an AMT adjustment for depreciation. Now, under the change to section 168(k), if you elect to not to take the special depreciation allowance for qualified property, the property will not be subject to an AMT adjustment for depreciation if placed in service after 2015.

This change impacts Instructions for Form 6251, Instructions for Form 4626, and Instructions to Schedule I (Form 1041), which will be updated shortly.

Page Last Reviewed or Updated: 19-Jan-2017