DaveF1006
Expert Alumni

Get your taxes done using TurboTax

It depends. Normally the long term capital gain or loss adjustment and the AMT gain/loss adjustment is the same except that incentive stock options could trigger a difference causing a difference. This is usually caused by a  spread between the exercise price and fair market value of the stock at exercise is subject to the alternative minimum tax (AMT) on exercise. This is according to a Turbo Tax post.

 

In your case the AMT adjustment would be as follows: (2350 X 35.4) - (2350 X 2.38)=$77,597. Please read the link for further information in section titled Unused AMT credits.

 

@jsunuf 

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