Thanks!
Also, concerning the sale of our residence in 2021, I am figuring the deprecitation allowed/allowable after May 1997 (for a home office used 2012-2021.) I have reviewed my tax returns from 2012-2020 and added all of the depreciation listed on Form 4562, Line 17. This should be my total deprectiation. I don't have deprection for 2021, since I have not completed my tax return yet. I assume TT will figure this in.
TT then ask for the AMT depreciation allowed after May, 1997. I checked all my past 2012-2020 tax returns on Form 3885A (Altern. Min. Tax Deprec. Report) and there is 0 listed on each one. So I have entered 0 into TT.
Does this seem accurate? Thanks for your time.
