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Get your taxes done using TurboTax
@Anonymous_ - thank you. Are there any issues anticipated when I sell the rental house if AMT accumulated depreciation or AMT passive loss carryovers are incorrectly calculated? Do I understand right that I have to input both of these along with regular tax accumulated depreciation and PLC in TT for a year when I sell the house?
Separately - what specific things do I need to be mindful of (cost basis, depreciation, etc.) if I decide to do a 1031 exchange?
March 15, 2024
11:55 AM