After personal property is fully depreciated for both regular income tax purposes and AMT purposes, no AMT
adjustment will be required as a result of the sale of the property.

Question

Quizplus · Accepted Answer

Once personal property is fully depreciated for both regular income tax purposes and AMT purposes, there is no basis left in the property for AMT purposes. Therefore, no AMT adjustment will be required upon the sale of the property.

After Personal Property Is Fully Depreciated for Both Regular Income