Pacun Posted April 9, 2013 Report Share Posted April 9, 2013 TP bought a condo in 2009 and put it on rent. He is overseas and he sold it in 2012. Gain was 12K and depreciation taken was $20K. When I entered the asset there was a basis for Federal taxes, one for AMT and one for the state. There is no other income on this 1040NR form and the ATM tax makes the amount due $54K. Is that possible? Quote Link to comment Share on other sites More sharing options...
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