Pro Series - for the excluded amount on the sale of a home is there really AMT on the exclusion? If not, I'm not sure what I'm doing wrong on the forms.

AJMorris · ‎03-05-2022

Client is elderly and had to move to a manufactured house. She sold her main home. In proseries, the tax calculation is including the $250k exemption in the AMT calculation. Is this right?

TaxGuyBill · ‎03-05-2022

You are saying it is NOT making it tax free for AMT purposes?

If so, where is that 'extra' income showing up on Form 6251?

AJMorris · ‎03-05-2022

The excluded gain is auto populating on line 2k of 6251, and from there calculating AMT. Thanks for responding.

TaxGuyBill · ‎03-05-2022

That seems to be a program error. There is nothing that says the exclusion is not used for AMT purposes.

AJMorris · ‎03-05-2022

That's my understanding, too. I'll reach out to Proseries on this. Thanks.