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Investors & landlords
What we ended up doing is adding the value under form 6251 Alternative Minimum Tax, Part I, field 2 k, Disposition of property (difference between AMT and regular tax gain or loss) from the federal return to the California Related Adjustments field under AMT section in turbotax online. This was reflected under Schedule P(540) Related Adjustments under Part I, Alternative Minimum Taxable Income (AMTI) .
April 2, 2024
5:36 PM