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How does AMT depreciation allowable differ from depreciation taken
We sold our main home in 2022. We had lived in it from 2018-2022. It was rented out from 2015-2018. When filling out the Home Sale Worksheet, I don't know what to put in the "AMT depreciation allowable on the property". How does that differ from the amount on line 30 "Depreciation allowed"? Are those the same or is the AMT depreciation 0 if I am not subject to AMT?
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‎February 4, 2023
1:08 PM