My question is simple. By Turbotax, in Form 4562 Alternative Minimum Tax Depreciation, item “Adjustments Preferences” is automatically added, so the Depreciatio...
@DavidD66Thanks. My problem is, I never owe any AMT, but the software automatically adds a “AMT Adjustments Preferences” to the “Net_Value/27.5” in the rental d...
@DavidD66Thanks. I asked this question because HRBLOCK always uses regular depreciation by default, so I think there is a choice. It says,https://www.hrblock.co...
Thanks. I figured out how it works. This year I can only claim $300 credit of the $500 tax paid because of the tax credit limit. The remaining $200 unused credi...
