Hi @GeorgeM777,
Thanks for responding.
To answer your questions:
- Were your ISOs qualified or non-qualified?
- There's also the issue of whether your sale was a disqualifying disposition or a qualified disposition.
- qualified disposition (ISO grant date was in 2015, ISO exercise data was in 2016, sold shares in 2022)
My shares also qualify for the QSBS exclusion under Section 1202.
I was able to fill out everything in TurboTax up until the point that I received the Smart Check warning that the number of shares from exercised ISOs is less than the number of shares I sold. While the warning is accurate, the numbers I entered for exercised shares and shares sold are correct. At some point, possibly during the company's SPAC, the conversion from my existing (exercised) shares to new shares was not 1:1. How do I enter this information in TurboTax so I can pass Smart Check?
Thanks for your help.
