Hi @zaka634 , so happy to have found your post, if I'm understanding you correctly, I believe our situations to be the same and I've been searching for the proper approach to take. Couple of follow up questions for you, if you dont mind.
I received my ISO grant May 2021, exercised a few months later in July 2021 when the strike price and FMV were the same. I did not file 83(b) election. All of my exercised shares vested in April 2022 (FMV had risen slightly at time of vesting). I have not sold and I am still with my company.
Per your posts, my understanding is that I will need to calculate the (spread* # of shares) at time of vesting for my 2022 taxes that I am working on now to be included in the AMT calculation.
Is that correct? Did you learn anything having gone through this process last year where you'd revise anything stated?
Lastly, how does one actually report this in TurboTax? Do I report this on "Wages & Income" as an "ISO exercise & Hold" where the "Date first bought" is actually the vesting date, not the exercise date as reported by Form 3921 that I received last year or some other kind of income or do I just factor it directly into TurboTax's AMT calculation option later on and not file/report it directly otherwise?
Put another way, is there anything to actually file now that the exercised shares have vested in 2022 with my taxes this year?
I know that's a lot thrown at you, just trying to be as detailed as I can be. I'd really appreciate any insights you might have, thanks so much!
