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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!
‎January 21, 2022
12:50 PM