Pacun Posted April 9, 2013 Report 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
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.