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Can I write off the difference between FMV when selling ISO if less than FMV when exercised in previous years?
Using some hypothetical numbers; In 2016 I exercised 100 ISO shares at a strike price of $25. FMV on that day was $100. This led to an additional AMT income of $7,500, which I paid taxes on. In 2017 I sold 50 shares at $90 a share and in 2018, I sold the remaining 50 shares at 95$ a share. I used AMT credits from the 2016 AMT to offset taxes owed on those gains in 2017 and 2018.
My question is, are there any capital losses or others that I can write off since I paid AMT on a FMV that was greater than the FMV on the day I sold the shares?
My question is, are there any capital losses or others that I can write off since I paid AMT on a FMV that was greater than the FMV on the day I sold the shares?
‎June 1, 2019
9:56 AM