only the taxable portion of the gain (ie after the exclusion) would be included in the AMT calculation, this assumes your regular tax and AMT gain are the same. This is usually the case. why wouldn't they you may ask? here's one possibility. you acquired rental property at a time when the depreciable life was different for regular tax and amt tax purposes. then you convert to a personal residence. the basis difference remains so the tax basises /gains are different.
