How to override FED AMT Depreciation and CA Depreciation of rental property asset

Forum|Forum|2 years ago
October 16, 2023
1 reply
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Hello,

I own two homes that for the past 20 years or so I have rented out for some time, some years I have lived there, some years I have used a % of a house for business office.

For 2022, one home was rented 100% of the time and another for 50% of the time. For the one that I rented 100% of the time, I go to enter asset depreciation and I manually modify the form but I can't modify AMT Fed Depreciation . I was indeed able to override (by going into forms mode) the non-AMT depreciation. Moreover, when I go to CA taxes (I file married jointtly FED + CA) I cannot override neither the non-AMT nor the AMT depreciation of the assetts.

Basically, if you're assett history is complicated and how do you manually input all the depreciation (FED + CA AMT and non AMT) ?

Anonymous_

I'll page @Mike9241 for the AMT quesion.

ElaineTaxAuthor

Thank you, how about high level how to override all depreciations on rental properties? If I could manually override all the values that would be a great start.