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TT keeps changing rental from 27.5 to 40 years. I always used 27.5. Also TT changes depreciation amt from $2658 to $1700 and puts $958 in Adjustment preferences.
I dont understand the AMT. I know it changed this year. Why is is changing my depreciation life of the rental property to 40 years and making an adjustment /preference. Is the adjustment a tax I pay or is it a carry over.
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‎June 1, 2019
1:27 PM