Re: ISOs and QSB

I recently had a liquidity event for a company where I was an early stage employee. I had ISOs and sold a portion of my holdings. I need to figure out how much taxes I will be paying in the coming year. Someone mentioned that if I am eligible for QSB, I might not need to pay taxes as they are tax exempt.

How would I engage TurboTax to get support on:
(1) figuring out if I am eligible for QSB
(2) figuring out how much money I need to set aside to pay for taxes

does Turbotax support helping answer these questions or should i go to a private tax advisor?

posted

Hi, @KW38 .

Here is a really good article on Qualified Small Business Stock. We at TurboTax don't assist with tax estimates or calculations. Yours in a especially detailed case where there might be Alternative Minimum Tax (AMT) issues because of the Incentive Stock Options (ISO).

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