I sold my primary home and have $950K in capital gains. I know I owe taxes on this, but TT is indicating I am subject to $4,529 of AMT due to this income. is this right

allan0197 · ‎March 31, 2025

MinhT1

Yes, most probably as your income has reached a certain level.

You are subject to the AMT when the tax calculated on form 6251 without taking into into account certain items that are not normally taxed and disallowing many deductions under the regular tax system, is higher than that calculated on your regular tax return.

Please read this TurboTax article for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

I sold my primary home and have $950K in capital gains. I know I owe taxes on this, but TT is indicating I am subject to $4,529 of AMT due to this income. is this right