michele
Level 7
08-16-2021
03:55 PM
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I have a client that sold property with $752,000 depreciation used but the amt is showing $798,000
used. Does it force bonus deprciation as being used even when it was opted out earlier.
I didn't know if there was a reg that stated you had to take bonus on amt when it was not on regular deprediation. The bonus is the only thing I can figure for why it is showing more amt depreciation.
thx
Michele
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