Investors & landlords

Marilyn

This is an installment sale from several years ago, this is the first time doing the installment sale and using Turbo Tax. It sounds like there should be a difference, but you say you can enter the regular depreciation amount. I would think this could make a difference on the 2nd page of form 6251 (AMT), possibly?? It also seems like it is needed on form 6252 the worksheet showing the Un-recaptured 1250 tax table/smart worksheet.

If I use the regular depreciation, will IRS have a problem with that??

 

I appreciate your feedback.

Thanks