Karen-Collopy
Level 2

Client sold a rental property with about $64k of suspended losses. That amount is flowing to the 6251 line 2m "passive activities (difference between AMT and regular tax income or loss)" even though there is no difference in the loss or the depreciation between regular and AMT. It's adding about $8k of AMT to the return. Is this proper?

 

Thanks for any guidance,

Karen Collopy, EA

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