Should the gains from the sale of a second house cause me to be subject to the Alternative Minimum Tax?

[di_c0a8f2100002f]

I sold a home in 2017 that I used to live in and have been renting since 2009. The gain on sale made me subject to the Alternative Minimum Tax. I thought the capital gains were not subject to the AMT

[viktoriyab11 · Accepted solution]

Your tax bill could increase under the AMT in some ways, including:

If you have long-term capital gains, it's taxed at federal rates no higher than 20% for purposes of both the ordinary income tax and the AMT. However, the extra income could reduce or even eliminate the amount of income you can exempt from the AMT. The AMT exemption amounts are:

$84,500 for married couples filing jointly

$54,300 for single and head of household filers

$42,250 for married couples filing separately

In future years these amounts will be subject to adjustments due to inflation.

Alternative Minimum Tax: Common Questions https://turbotax.intuit.com/tax-tips/irs-tax-return/alternative-minimum-tax-common-questions/L50YotK...