Question

AMT Depr After 5/6/97 must be entered, I entered regular depreciation but it wants this also? Home Office

Forum|Forum|5 years ago
June 29, 2020
1 reply
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So I'm working on home office depreciation recapture.....which unfortunately I never took but it's not a huge amount.

It's somewhere around 1600 or so and just sold my home.

So I entered it under the sale of a home depreciation after 1997 etc

However when I went to do the turbo tax analysis at the end, it now says AMT depreciation must be entered?

The form asks for depreciation then AMT depreciation....I don't remember ever doing anything with AMT depreciation?

So confused. Thanks!

TurboTax Home & Biz Windows

Carl11_2

Employee

Look at your 2018 tax return. You'll need a PDF copy of that return. In there you will find two IRS Form 4562's for the property. Both of them print in landscape format. One is titled "Depreciation and Amortization Report" and the other is titled "Alternative Minimum Tax Depreciation". You need the depreciation amount from the 2nd one. More than likely it's zero. But you need to confirm that beyond any doubt by actually looking at that 2nd form 4562 with your own two eyeballs.