All Investing posts

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

AmyC — Mon, 13 Apr 2026 15:56:07 GMT

To see exactly what has been claimed in the past, you need the Depreciation and Amortization Report. It is a worksheet, not part of the tax return.

Desktop:

Go to Forms Mode (top right corner).
In the list on the left, look for the Asset Entry Worksheet for your property.
Scroll down to the Depreciation History section. It will show you year-by-year what was claimed for both Regular and AMT.

Online:

You must go to Tax Tools > Print Center.
Select "Print, save or preview this year's return"
If you have not paid, select pay now.
Choose the option Include worksheets.
Search the PDF for "Depreciation and Amortization Report." This table lists "Prior Accumulation" and "Current Depreciation."

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Mon, 13 Apr 2026 05:00:37 GMT

Is there a way to see how prior appreciation was adjusted. I certainly dont recall doing that and i know my accumulated depreciation is not ahead of what it should be.

Can this be adjusted? Can i see the history of prior depreciation?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

DianeW777 — Sun, 12 Apr 2026 21:21:14 GMT

After review of your return I discover that the prior depreciation has been changed, which may mean that you actually had some years where the rental use was 100%, it's not clear. Thank you for providing your token.

If I leave the calculated prior depreciation (accumulated total prior to 2025), then the total depreciation for 2025 is what is expected, however if I change it to the amount you indicated as the accumulated depreciation (higher than TurboTax calculates it) then the depreciation for the current year is the amount you show in your screen images. The system is calculating in the background to account for the excess of depreciation in prior years with the limited knowledge you enter. Calculations can only take place based on the information provided. This is the reason TurboTax creates a difference between regular and alternative minimum tax (AMT) depreciation figures.

If the prior accumulated depreciation is correct, then you should leave the lower amount calculated for 2025. Continue to keep all of your prior depreciation records so that you are prepared when and if you should sell this building.

Some questions are not answered in the Step-by-Step, however it is not causing the figures you see. For example if you go to the Property Profile, this is where you enter the passive activity loss (PAL) carryover from Form 8582 for last year.

I notice that qualified business income is selected for your property. Here is information regarding that so you are clear it does apply to you.

Generally, a rental property does not carry the time requirements to be considered as eligible for the qualified business income deduction (QBID).

Can I get QBID for rental property income?

Generally, this means each rental real estate enterprise (a rental property or group of similar rental properties, including K-1 rental income) must satisfy these three requirements:

Each enterprise maintains its own books and records to track income and expenses.
An enterprise that has existed less than four years performs at least 250 hours of rental services per year. For an enterprise in existence for four years or more, this test needs to be met for any three of the five consecutive taxable years ending with the taxable year.
(Starting with tax year 2019) Contemporaneous records of services performed are kept which includes who performed the service, description of service, the date of the service, and how long it took (who, what, when, and how long).

@dbarboro

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Sun, 12 Apr 2026 15:41:28 GMT

it wont let me post the token number? How do i fix that?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Sun, 12 Apr 2026 15:57:56 GMT

turbo tax token number "9411819557185985-49851639" State IL.

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Sun, 12 Apr 2026 15:39:33 GMT

turbo tax token number [phone number removed][phone number removed].

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Sun, 12 Apr 2026 15:57:41 GMT

Ok, done. turbo tax token number 9411819557185985-49851639.

Thanks.

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

DianeW777 — Sat, 11 Apr 2026 21:53:05 GMT

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions: (Don't forget to give us the state)

TurboTax Online:

Open your return -Go to the menu panel on the left side of your return and select Tax Tools.

Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number.
Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information.

TurboTax Desktop:

If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:

Click on Online in the top left menu of TurboTax Desktop for Windows
Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number.
- Enter your email used for TurboTax > Enter your code > Send
Write down or send an image of your token number and state then place in this issue.
We can then review your exact scenario for a solution.
Please also tell us any states included in the return. This is necessary for us to view the return.
- *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')

We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

@dbarboro

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Sat, 11 Apr 2026 19:29:16 GMT

The basis is $164,000 and business use is 93.85% so the depreciable basis is $153,914 at 27.5 years that should be $5596 for the current year. Instead for some reason Turbo Tax is using the AMT calculation which deducts $1324 and arrives at $4,272 for depreciation. Why is it using the AMT amount?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

DianeW777 — Sat, 11 Apr 2026 14:17:26 GMT

No, the depreciation does not have a different amount for AMT than is used for regular depreciation.

The method of depreciation for residential rental property is 27.5 year recovery and this is the same for both regular depreciation and AMT depreciation. There is no excess of what is allowed for AMT based on the straight line recovery method required under tax law. This is not a new tax law. It actually began in 1986.

If you've had this rental property for more than one year, you can take the house cost and divide by 27.5 years. This should give you a very close (within a couple dollars) of the amount of allowed depreciation for the year.

IRS Publication 946

Please provide additional details so that we might provide specific details for your situation.

Re: AMT depreciation or regular depreciation

DianeW777 — Sat, 11 Apr 2026 14:12:18 GMT

This is an old thread, however the answer will be the same. The method of depreciation for residential rental property is 27.5 year recovery and this is the same for both regular depreciation and AMT depreciation. There is no excess of what is allowed for AMT based on the straight line recovery method required under tax law. This is not a new tax law. It actually began in 1986.

@dbarboro

I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard depreciation.

dbarboro — Sat, 11 Apr 2026 03:59:37 GMT

I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard depreciation. I am nowhere near the AMT limit. The AMT depreciation deduction is $1200 less than the standard. How do i fix this. I cant see anyway to change this or manually adjust the amount.

Re: Recovering an expense that must be depreciated.

cadams63 — Sat, 11 Apr 2026 01:41:07 GMT

first off your math skills need some improvement. investing $30k in repairs will be paid for in ~30 months, not 30 years. If you gross $1000/month, technically it would take 30 months to take in $30k right? so basically in 2.5 years recovered the $30k investment for repairs provided there's no additional repairs or need for the rental money. Also, at the national average appreciation rate of 4.3% on properties, after nine years when you retire, your fixed up duplex in twill be valued at $173,283.00 an additional $55,283 for your future. This in addition to the 6.5 years of rental income at $1200/month = $93,600. This is low estimate because you will definitely increase rent over that time. Keep the rental property, because unless your Nancy Pelosi, selling it for $100k now and trying to find an investment that will return $148,883 in a low risk investment over the next 9 years will be hard.

Re: AMT depreciation or regular depreciation

dbarboro — Fri, 10 Apr 2026 20:24:18 GMT

I have the same problem. I am well below AMT limits but it still uses my AMT depreciation. I cant see anyway to change it either.

Re: TurboTax does not know how to handle options

M-MTax — Thu, 09 Apr 2026 16:21:23 GMT

@user17757492180 wrote:
And this isn't some weird exotic option strategy. This is what a large number of people do on a regular basis.

Exactly! Writing calls, particularly covered, is not really some rare and specialized activity. It's one of the most prevalent of strategies and TurboTax should accommodate these transactions without issue or obfuscation.

Re: TurboTax does not know how to handle options

user17757492180 — Thu, 09 Apr 2026 15:42:07 GMT

Yep, agreed that this is not good.

And this isn't some weird exotic option strategy. This is what a large number of people do on a regular basis.

Re: TurboTax does not file WA state return, even with >$250,000 in Capital Gains

Vanessa A — Mon, 06 Apr 2026 13:47:09 GMT

Washington state does not have an income tax, therefore TurboTax does not have a Washington state return option.

It does appear that WA has recently adopted legislation to put a tax on those with income over $1,000,000, but this would not be in effect for 2025.

TurboTax does not file WA state return, even with >$250,000 in Capital Gains

turbodb — Mon, 06 Apr 2026 05:12:25 GMT

Last year (TY 2025), I sold close to $500,000 in stock, nearly all of which was long term capital gains reported to the IRS.

This shows up correctly in TT for my Federal Return, but doesn't seem to register at all when I click in to State Taxes to work on my WA return. TT also completes its "State Review" with no errors, and says I am due a refund of $0 (and don't need to file a state return).

What is going on? How do I get TT to recognize that I owe WA cap gains excise tax on my cap gains?

Thanks!

Re: Short term capital gain taxed excessively

dorox — Mon, 30 Mar 2026 23:06:18 GMT

My tax return is pretty simple, just the W2s, some dividents and this short-term capital gain. We use Standard deduction and we do not qualify for any credits. The AGI increased with 4900, but the tax bracket has not changed. And even if the Social Security taxable might have slightly changed, the tax cannot exceed 100% of the gain itself.

I will do what you suggested, compare both returns line by line before and after I entered the income to see all the changes.

Thank you,

Re: Short term capital gain taxed excessively

VolvoGirl — Mon, 30 Mar 2026 22:54:45 GMT

When you enter one taxable transaction, you can't just watch the monitor. You increased your overall adjusted gross income and with that come many other changes in your return, not just the incremental tax on the one transaction.

Like for example it increased your AGI and that would decrease some deductions if you itemized on Schedule A. And by increasing your AGI it might reduce some credits you were getting like EIC. And can make more of any Social Security taxable.

You would have to compare both returns line by line before and after you entered the income to see all the changes.