I have two question on the topic ISO exercise and hold:
1. I exercise and hold ISO in 2024, received form 3921 and file on Turbotax. The spread is small and it did not trigger an ATM. Turbotax folks can see that Form 6251 is being completed, but I cannot see it, and this form will not be sent to IRS (I suppose because the ATM is not kicking in). Question: how can I demonstrate to the IRS that I exercise and hold ISO? Does it matter for when I'll sell them? Is there a way to keep track of that?
2. If I exercise and hold ISO in 2023 (and I think I reported that in the 2023 tax return - no way to test that now -Turbotax does not save the "Exercise of Stock Option" worksheets) should I also report the same exercise in the 2024 tax return?
Thank you!
