You are required to depreciate business property. So if you rented your house or used a home office, you must calculate the depreciation applicable to it and report that when you enter the house sale information in TurboTax.
You can manually calculate the deprecation if it is not in the program. Just take the cost of the house, excluding the land value, divide it by 27.5. That is the deprecation amount for one year. Multiply that by the number of years you used it for business. Finally, multiply the depreciation amount you come up with by the portion of the house you used for business (the business use percentage) and that will be your depreciation.
The AMT depreciation would normally be the same as the regular depreciation in the case of real estate.
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