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Get your taxes done using TurboTax
"AMT 2015 ISO options say 10,000."
What does that mean?
"When I entered the AMT carryforward"
I don't understand what that means.
Did you use TurboTax last year and enter the 2015 ISO exercise in the "ISO Exercise and Hold" interview? Did you use the ISO step by step process to report the 2016 sale?
I simply don't understand what's happening here. But if you were subject to AMT last year it's not "automatic" that you get the AMT amount back this year. The AMT isn't simply a "timing difference" where you can figure "well I got hit hard this year but I'll get that all back next year when I sell."
What does that mean?
"When I entered the AMT carryforward"
I don't understand what that means.
Did you use TurboTax last year and enter the 2015 ISO exercise in the "ISO Exercise and Hold" interview? Did you use the ISO step by step process to report the 2016 sale?
I simply don't understand what's happening here. But if you were subject to AMT last year it's not "automatic" that you get the AMT amount back this year. The AMT isn't simply a "timing difference" where you can figure "well I got hit hard this year but I'll get that all back next year when I sell."
‎June 6, 2019
6:53 AM