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Depreciation adjustment from K-1 pass-through

The Partner’s Basis Worksheet tracks the corporation’s basis in the K-1 pass-through entity. The AMT depreciation adjustment from the K-1 pass-through doesn't transfer to Form 1120-S, Schedule K, line 15a.
UltraTax CS calculates the Partner’s Basis Worksheet for both regular tax and AMT (Alternative Minimum Tax) purposes. The AMT depreciation adjustment from the K-1 pass-through is used to calculate the AMT basis worksheet. The AMT basis adjustment reported on Form 1120-S, Schedule K, line 15f is equal to the difference between the K-1 pass-through income allowed by basis for regular tax, and the K-1 pass-through income allowed by basis for AMT purposes.
The AMT depreciation adjustment isn't included on line 15a in Form 1120-S, Schedule K, because it's part of the AMT basis adjustment reported on line 15f.
Based on the Form 6251 instructions, the AMT depreciation adjustment from a K-1 pass-through entity shouldn't be reported on the line for depreciation adjustment if the basis limitations apply. Instead, the AMT depreciation adjustment is taken into account on the line used for reporting loss limitations.
To continue to report the AMT basis adjustment on Schedule K, line 15a, enter zero in the
Basis Adjustment (Schedule K-1)
 field on the
StmtS4
 screen (located in the
Review
 folder), and enter the desired AMT depreciation adjustment in the
Post-1986 depreciation adjustment (Force)
 field on the
K-2
 screen in the
Schedule K
 folder.
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