rickart Posted April 1, 2008 Report Share Posted April 1, 2008 Though it may not affect too many of your clients, it appears that the Form 8829 (which does not draw from the asset entry sheet) is incorrectly calculating AMT depreciation for pre-1999 properties (e.g. homes put in service in 1998 and before). F. 8829 is using 39-year SL MidMonth, not 40-year SL MM. The differences are usually small (2.500%AMT - 2.564%MACRS), but the pain factor of filing a 3115 to correct the issue probably outweighs the money involved. Regards, Rick, EA, Tucson Quote Link to comment Share on other sites More sharing options...
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