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Investors & landlords
@anewton_2 wrote: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.
No, AMT (Alternative Minimum Tax) is an additional tax on regular tax (not depreciation). Depreciation is one factor for AMT, so that is why you need to enter an AMT amount for depreciation (so the program can determine if you are subject to AMT or not).
However, in your case AMT depreciation is the same as regular depreciation, so enter the same amount.
The program automatically will determine if you are subject to AMT, but due to recent law changes, there aren't as many people subject to AMT anymore. When you are finished with your tax return, you can look at line 1 of Schedule 1 or Form 6251 to see if AMT is being applies. But again, the only reason why you need to enter AMT depreciation is so the program can determine if you are subject to AMT or not.