SelfTaxPreper
Returning Member

Entering Fair Market Value at Exercise for ISO stock I sold

Hello, 

 

I exercised some ISO shares 2 years ago and sold them in 2023. It's a qualified disposition. After I imported the transaction from etrade, the cost basis is correctly reported. Each share's strike price was lets say $1 and I sold the shares for $10/share. The cost basis for "Normal taxes" is $1 per share.  However, when i exercised the shares 2 years ago, the FMV at exercise was $20. How do I tell turboTax about the FMV at exercise was $20/share so that I can recoup some of the AMT credits I paid when i exercised the shares? In Turbotax 2022 from last year, there was an option that started an "Employee Stock Transaction Worksheet", I don't actually see this same option in Turbotax 2023. Any help would be greatly appreciated.