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]

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]

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]

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

[TaxGuyBill]

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

[AJMorris]

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