Here is one way of interpreting the question, which admittedly, is not an easy one to answer. The question is asking about proceeds; however, it would also include any income that had been deferred given the special tax treatment afforded to CA Qualified Stock Options. In this regard, on the page Here's the income that California handles differently, there is a Learn More tab next to the line Income from California Qualified Stock Options. Selecting Learn More provides the following, among other things, regarding CQSQs:
- Income from a CQSQ is deferred until the disposition of the option or the stock acquired upon exercise of the option.
Thus, had there been any proceeds, but also income, from a CQSQ that had been previously excluded, but after exercise of the CQSQ needs to be added back back in for CA AMT, then such amount needs to be entered on the page Enter Other Incentive Stock Options.
In your case, you did have an ISO which required reporting on your CA return, and therefore, the box in question was already pre-filled. However, you did not have any CQSQ proceeds or income to add to the box in question. Thus, you could leave the page as is.
@peter1104
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