dbarboro
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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 ...
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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.
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When i go to the underpayment page it just says that I no longer have an underpayment penalty. It does not give me an option to change my payment amounts by qua...
Activity Feed for dbarboro
- Posted Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ... on Investing. 11 hours ago
- Posted I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard depreciation. on Investing. yesterday
- Posted Re: AMT depreciation or regular depreciation on Investing. yesterday
- Posted Re: 2210-IL on State tax filing. March 14, 2025 11:48 AM
- Posted 2210-IL on State tax filing. March 13, 2025 5:46 PM