I cannot make entries on Sched D AMT Part II or 8949 for gain or loss adjustment due to AMT having been paid for ISO stock options. Where can I enter that data?

Forum|Forum|7 years ago
June 3, 2019
4 replies
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Best answer by TomYoung

Delete your sale and start over.

Use the ISO step by step interview to enter your sale. TurboTax will ask for Form 3921 information and will calculate your gain on sale correctly for regular tax and will also automatically make the required entries for AMT.

You should not see any "adjustment" for the sale on Form 8949. For regular taxes your basis is what you paid for the stock.

Tom Young

TomYoung

Answer

Alumni - Champ

Delete your sale and start over.

You should not see any "adjustment" for the sale on Form 8949. For regular taxes your basis is what you paid for the stock.

Tom Young

geichelb1Author

Level 2

Thanks! I delete the entries and try step-by-step again.

austinwe

Level 2

Hello,

Are you able to provide the way to get to the ISO Step by Step process? I have tried to delete the sale and start over but I can't get to the point where TurboTax asks for the ISO information in order to make the reversing entry on Form 6521 for the AMT adjustment recognized in the prior year when I exercised and held the shares