alexander36
Returning Member

How to properly report ISO's excercised in a previous year but partially sold in the current tax year?

In 2020, I early exercised 'A' shares of a company for which I was granted equity on a vesting schedule by filing an 83(b) Election with the IRS. I reflected this in that years tax return and was taxed accordingly. I left the company in 2021, and the company repurchased the portion of the shares ('B') that I had not vested. Note that I still retain some amount of shares in the company ('A'-'B'). I have reported the repurchased shares as investment income in my 2021 tax returns (1099-S as I did not receive a 1099B). My question is, in the "ISO Excercise and Hold" section of Turbotax, do I still need to declare the ISO stock that I still hold for the current tax year (2021), or did I only have to declare the ISO's at the time of early exercise (i.e. 2020). Furthermore, if the former, do I have to declare the ISO's that I hold every year or only in the years where their is of a partial or complete sale? Thanks!