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New Member
posted Feb 22, 2023 12:56:24 PM

What if it is asking me for ISO exercise and holding informatin that I dont have

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3 Replies
Expert Alumni
Feb 22, 2023 4:04:49 PM

You have to wait a year and one day from the date you acquired your stock and two years from the date you were granted the right to sell them in order for the full gain on sale of them to be treated as capital gain income, which may be favorable to you. So, you will have to estimate the dates keeping those parameters in mind if you can not determine the actual dates.

New Member
Feb 23, 2023 4:33:32 AM

Thank you.   What if I have been buying stocks through my company for my duration of working there, but I have never sold them or done anything with them?  Why are they just now asking about ISO.  I have never done anything different for 17 years? 

Expert Alumni
Feb 23, 2023 11:10:11 AM

There is nothing to report on your tax return if you just exercised your right to purchase stock through your company's ISO plan and did not sell any of the shares purchased.  If you have nothing to report with regard to ISOs, then you can disregard that section of TurboTax.  To the extent you made some entries, you can delete them as that section does not apply to you.  

 

In the event you decide in the future to sell your ISOs, here is a link to a TurboTax article that provides some good examples of different tax scenarios regarding ISO sales.  

 

Incentive Stock Options.

 

@ivyrae2002