landlord question - how to refigure schedule E for AMT?

Here's an example:

If you have any assets, such as appliances or carpeting, that you are using e.g., MACRS 5 or 7 yr class life, 200DB, then for AMT that would decrease to 150DB.

Which changes your depreciation form 4562 and your depreciation on the E, and your passive loss form, and so each of these forms would have both a regular income tax and an AMT version. The AMT versions are used for AMT tax calculation.

Thank you for the example. It is very helpful. I had no idea I had to revisit form 4562. Are the assets the only item to adjust? What about mortgage interest and taxes reported as expenses on Schedule E?

Property taxes are permitted and generally, mortgage interest doesn't change. However, if you used any part of the mortgage for non-rental property purposes, you may have an adjustment.

Thank you. I've already adjusted out my non-rental usage across the board, so I should be ok in that regards.

I was able to complete the forms but I'm not as confident about filing as I have been in the past. I am considering purchasing tax software (TaxCut) to verify my forms. I've used the software before, but not since I put my rentals into service in 2005. Has anyone had experience with tax software & rentals? The TaxCut web site claims that the software supports Schedule E and form 6251, so I might give it a shot since it's only $20.

I ended up purchasing TurboTax (couldn't find a federal-only version of TaxCut). I found it very helpful in completing/validating 8582 & 6251. I had my depreciation schedules handy, though. Without them I think it would have been more difficult.