I have an S corp that sold their business. Mainly depreciable equipment. 900,000 with 725,000 depreciated for $220,000. Every thing looks good on the 4797 and ok with that but on their personal return they are being hit with $105,000 in AMT tax. so their total tax owed will be $185,000. What am I not seeing or thinking when it come to the AMT. This just does not seem right. Is there something I am not marking.

Michele