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I want to exercise ISO shares, pay AMT and hold long term. Will TurboTax keep record of the 2 basis under ordinary tax and AMT tax calculation when I sell in the future?
My understanding is that when ISO shares are exercised and hold for more than a year, their basis for AMT purpose is FMV at exercise time, and their basis for ordinary income tax purpose is still the strike price.
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‎October 1, 2020
11:21 PM