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Also seeing this. Were you able to get to a resolution?
No, it should not be taxed twice. But it may show in two different summary sections inside of TurboTax. You would need to preview your actual tax return to make sure the income is only reported once.
With ISOs, your taxes depend on the dates of the transactions (that is, when you exercise the options to buy the stock and when you sell the stock). The price break between the grant price you pay and the fair market value on the day you exercise the options to buy the stock is known as the bargain element.
You do have to report that bargain element as taxable compensation for Alternative Minimum Tax (AMT) purposes in the year you exercise the options. @Lillian5
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