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AMT depreciation report for rental property shows prior depreciation to be zero
I have been using TT for many years and always transfer the return from previous year. It does transfer the data but, I have noticed that in Form 4562 (Alternative Minimum Tax Depreciation Report) the "Prior Depreciation" column always has a "0" for all last 5 years' returns. Is it normal or have I been doing anything wrong?
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AMT depreciation report for rental property shows prior depreciation to be zero
Generally,If you make all the required entries and the program doesn't display an amount in this field, it's because no AMT recomputation is required.
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