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Get your taxes done using TurboTax
Yes I used Turbo Tax last year 2015. I exercised some options, but I"m holding them for 1 year to get long term when I decide to sell. This caused an AMT tax bill of 10,000. My understanding is that since I didn't sell and I'm holding that I would get this AMT Tax back as a credit. This doesn't seem to be the case? What I'm confused on is the AMT carryforward showed 1,000 out of the 10,000 but that didn't change the overall refund. I'm guessing this is due to the fact I didn't hit AMT this year.
‎June 6, 2019
6:53 AM