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I have a rental home with a loss for 2008 that consists of operating loss plus depreciation.

My AGI is over $150,000, so I cannot take the loss for 2008.

The tax program that I am using, TaxACT, adds the rental depreciation back to the adjusted AGI and then calculates the AMT tax.

Question? Since I cannot take the rental loss, thus it is not included in the adjusted AGI, should I NOT have to add it back for the AMT calculation?

Thanks for any insight.

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