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Get your taxes done using TurboTax
It does look correct.
The regular component matches what I was expecting as noted in an earlier post.
The AMT component also looks correct.
Selling Price $55,841
AMT Cost Basis $57,178
AMT Loss $1,337
Add in the AMT Section 751 component of $3,230 + $1,337 =$4,567.00
Plus you are most likely not paying AMT, so the end result should not change.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎April 1, 2025
11:42 AM