djhilton60
Returning Member

Deductions & credits

I wasn't using the online adjusted base calculator, I went back and went through the process which does ask about depreciation.

On a later screen it asks about depreciation again, regular or AMT depreciation.  It is a rental property that I consider an investment property, not business, as I never had a net income.... plus previously I never entered as QBI.  

If I enter on the first line as regular depreciation, it increases my taxes by $7000, entered under AMT it remains the same.  Note: when I looked at the turbo tax created depreciation forms it's on an AMT depreciation form.  

I apologize if not communicating correctly!