turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Am I missing something about how CA State AMT is calculated, I am getting none due no matter how many I test- is there no AMT due on options exercised, held and NOT sold?

IN TT Federal behaves as expected - increasing after a threshold is passed. However for California state tax calculation it does not matter how many options I exercise that cause the beneficial value to increase significantly (from $0 to $40,000) it never increases the CA state tax. This does not seem right? Am I missing something about how CA AMT is calculated - eg is there no AMT due on options exercised, held and NOT sold in a given year? Or has Turbotax not yet got the CA part of the return  working fully for the 2024 tax year - thanks
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies