I question whether or not TaxAct handles AMT correctly or not. It assumes that I "took" depreciation on my rental property on Schedule E and adds that depreciation back into the AMT calculation, EVEN though, the depreciation deduction WAS NOT taken because the Schedule E loss was not allowed because my AGI was above $150,000.My reading of the AMT rules is that the Depreciation should not be added back into the AMT calculation unless you were allowed to take it.Terry
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