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Get your taxes done using TurboTax
Because you made the necessary AMT adjustment in the year of exercise, then in the year that you sell the stock, you are allowed to make a "negative" adjustment for AMT purposes. If you decide to sell your stock, then in TurboTax online, you should select Other Tax Situations (left margin) and thereafter select Alternative Minimum Tax. On the screen, Do you have any of these uncommon situations? select the most appropriate option. At the screen, Did you sell ISOs in 2022 that you purchased in a previous year? is where you will enter your AMT adjustment.
If you are using TurboTax CD/download, the process is very similar.
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‎April 17, 2023
6:04 PM