Hello,
I am trying to decide whether Turbotax (online edition) will be able to cover my tax situation for 2018, or if I should look for a CPA. I exercised ISOs in the state of CA in 2017, and paid AMT on the bargaining element. Taxes were easily filed last year with TurboTax as it correctly calculated the amount of AMT I owed, and in general I've been using TurboTax since 2010.
For 2018, I will be selling some of those shares realizing significant capital gains, and I am looking for an answer to the following questions:
1) Will Turbotax be able to automatically fill and handle form 8801 and a potential recoup of the AMT credits that I generated in 2017?
2) Will Turbotax be able to handle a higher cost basis for the sold shares for AMT purposes, taking into account the AMT portion I already paid?
3) Will Turbotax be able to handle the same scenarios 1 and 2 for the state of California? Will AMT properly be handled there with an adjusted costs basis, as well as the ability to utilize AMT credits?
Thanks
