topic How do i report the sale of stock options which I excercised in previous year and paid AMT on? in Investors & landlords

How do i report the sale of stock options which I excercised in previous year and paid AMT on?

irenelee — Mon, 03 Jun 2019 19:04:58 GMT

Do I delete those stocks from the ISO Purchase Summary?

irenelee — Mon, 03 Jun 2019 19:04:59 GMT

Do I delete those stocks from the ISO Purchase Summary?

A pedantic correction here: you didn't sell "stock option...

TomYoung — Mon, 03 Jun 2019 19:05:00 GMT

A pedantic correction here: you didn't sell "stock options", you sold stock acquired via an ISO.

You report the sale using the ISO "guide me" option under the "Stocks, Mutual Funds, Bonds, Other" interview. That will put the correct reversing entry onto Form 6251 and the AMT Schedule D.

Tom Young

Re: Do I delete those stocks from the ISO Purchase Summary?

helenjenkins290 — Sat, 27 Mar 2021 00:45:12 GMT

Did you ever get an answer to this?

I entered ISO purchase 2019 and they were sold 2020. I entered them in the capital gains section but they still show up in ISO purchase summary. Do I delete them???

Re: Do I delete those stocks from the ISO Purchase Summary?

ReneeM7122 — Mon, 05 Apr 2021 22:00:00 GMT

Yes, you should delete the stocks that are showing up in the ISO Purchase summary.

Here is a TurboTax video about Incentive Stock Options.

@helenjenkins290