Under Alternative Minnimum Tax for "Uncommon Situations", there's the option:
"I exercised ISOs in 2023, but didn't sell the stock in 2023. Or I sold ISOs in 2023 that I purchased in a previous year."
The latter applies to me. In a prior year, I exercised my ISO shares. Last year, I sold them with a qualifying disposition.
If you continue the flow, two pages later (titled "Did you sell ISOs in 2023 that you purchased in a previous year?") you are prompted to enter the negative adjustment for AMT. No matter what you enter here--it has no impact on the numbers in the AMT taxable income breakdown on the next page.
This seems like a bug. I've contacted live support and was passed around between four different agents--two of whom hung up immediately, the other two seemingly not sharing any context (requiring the entire chat to occur again) and then giving up and quitting the chat themselves.
Separately--I'm using Turbotax Live Premium, which somehow isn't an option the "select a product" dropdowns either?
You'll need to sign in or create an account to connect with an expert.
Are you still experiencing this problem?
Make sure you have ran all updates.
If using TurboTax Online: Clear your cache and cookies. See this FAQ, for your particular browser.
If using TurboTax Desktop: Please see this FAQ.
If you still are not able to solve this, please call TurboTax Customer service. Here is a link: Turbo Tax Customer Service
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
AMC10
New Member
user20225320
New Member
dontknowtaxes2024
New Member
DeeJayKay
Level 1
maslinjarrod
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.