From what I read the AMT is an additional tax on the depreciation, separate from the original depreciation and it is only for certain situations. Am I incorrect and was I told wrong? I was told to only put my depreciation in the depreciation box and leave the AMT blank from someone that was trying to help me over the phone yesterday.
Lived in the house from 2010-2015, Rented my house from 2015-2021
The section says:
Enter the total amount of depreciation you deducted (or were allowed) on this home after May 6, 1997. If you claimed depreciation in 1997. calculate the depreciation for the part of the year after May 6, 1997.
Note: Only report here depreciation that was NOT reported as a separate business sale.
Depreciation After May 6, 1997 ___This is where I put the depreciation______________
AMT Depreciation After May 6, 1997 ____By leaving this part blank, prompted the review to have me check this section again.____________
