AmyC
Expert Alumni

Investors & landlords

You should have the 6251 showing your ISO. If it is correctly showing the information, great -stop reading or doing anything ISO related.

If not, then delete 6251 so the program can repopulate it correctly. The program won't actually delete the form, it just fills it right back in again, with the information from the 3921. The program holds on to important information. No, I don't want you to uncheck the box. It should have been already checked from the 3921 entry. It is a question of just not going into that section until you sell and need to add that negative amount. 

 

You should be paying AMT on the ISO just not regular income tax. When you sell the stock, you will have a different basis for AMT. Then, you will need to adjust your AMT basis due to this year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"