Yes I am taking depreciation on Schedule E as I can take any deferred losses when I sell the rental.As far as 2 separate tax systems, I understand that, however, the AMT system does not allow me to deduct the rental depreciation as I am above the AGI limit of $100,000, yet TaxAct adds the rental depreciation back, incorrectly, I believe.Thanks for any further clarification you can provide.Terry
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra