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BayAreaMom
Returning Member

Alt Min Tax triggered with sale of residential rental

We sold our rental property in 2024 which was purchased in 2003 which generated a recalc AMT at 28%. Because of our income levels, most of the depr exp and other exp were suspended passive activity losses.  I was surprised that the alt min tax was triggered which included adding back the SALT deductions as well as the passive activity loss (line 2m on F6251).  Line 2m on F6251 flowed from the cap gain on our res property which amounted to $174K.  Sales price of the rental was $232K less land of $39K and net depreciation including recapture of $19K for a gain of $174K.  Is TT calculating this correctly?

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