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How/where do I report exercise of Incentive Stock Options? Do I need to report in Federal Tax, in addition to CA state tax? Which line item within the AMT section?
I exercised some ISO stock options. I completed the California state tax AMT section. It says "Enter other incentive stock options - if you excluded any California stock options CQSO proceeds from your income, enter the amount for alternative minimum tax purposes". What should this value signify? I believe I entered the amount for the [(fair market value of shares) - (option exercise price)] * (number of options exercised)
Also, I couldnt find on federal tax AMT section a place to enter this. Would it count as "Gross Investment Income" section?
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‎June 1, 2019
2:44 PM