If you have not already obtained a solution, you might consider going back to the screen Do you have any of these uncommon situations and selecting the first option, I exercised ISOs in 2022, but didn't sell the stock in 2022. Or I sold ISOs in 2022 that I purchased in a previous year. Then follow these steps:
- On the screen, OK, let's get the info for your incentive stock options (ISOs). Do not enter anything here. Select Continue.
- On the screen, Did you sell ISOs in 2022 that you purchased in a previous year? Here is where you can enter your ISO adjustment. You will probably be entering a negative amount. There are two fields, one for short-term g/l and one for long-term g/l.
- If you prefer, you can click on the Learn more link for some additional information about the AMT adjustment.
- Then continue through the rest of the application.
The above steps are found in TurboTax online. However, the steps are very similar in TurboTax CD/download. Also, remember to begin the entire process in the Other Tax Situations section and thereafter select the first category, Alternative Minimum Tax. Post additional questions or observations as appropriate.
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