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