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Get your taxes done using TurboTax
Thanks. I was assessed AMT when I exercised the ISOs in 2020, and in 2021 I sold them. My concern for 2021 is I’ve read that at least in previous versions of TurboTax online (and maybe even the current version of the desktop app, which I’m not using) when recording a transaction from a 1099-B for ISOs you could indicate that the compensation income is on a W-2. I can’t find a way to do that using TurboTax Premier online and am uncertain whether that’s a problem, i.e. does the IRS need to explicitly know that the adjusted cost basis includes compensation income that appears on a specific W-2 included in the return.
February 1, 2022
10:30 AM