There is calculation mistake while calculating Adjusted basis @ 16:31, Correct Adjusted basis is 2895 which will make the gain of 1405, so its not a negative adjustment.
Kindly anybody could help to explain ? Under regular tax system, residential rental property depreciation life is 27.5 years vs 40 years under AMT system, which means, AMT depreciation is slower, then the AMTI should be higher, we should add the difference, instead of minus the difference? Am I wrong? Thank you very much!
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Thank you!
Very helpful as I am studing the AFSP. Thank you so much.
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There is calculation mistake while calculating Adjusted basis @ 16:31, Correct Adjusted basis is 2895 which will make the gain of 1405, so its not a negative adjustment.
Thank you.
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Hello Professor Farhat,
Can you explain how you came up with $24,000? Hope to hear from you soon.
Thank you!
Where did the 24,000 come from? Deducting all things does not get to 24000 or 34000 at all .......
Hello Farhat, Have you made any videos on International Taxation & or Transfer Pricing ?
could you pls clarify how you arrived at 24k for tp2? I came up with a diff number.
It was George H. W. Bush who said, "read my lips, no new taxes," not Ronald Reagan.
Thank you for the information
Kindly anybody could help to explain ? Under regular tax system, residential rental property depreciation life is 27.5 years vs 40 years under AMT system, which means, AMT depreciation is slower, then the AMTI should be higher, we should add the difference, instead of minus the difference? Am I wrong? Thank you very much!
I think the $3,726 for 28% is outdated.