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.

How to pay estimated tax on disqualified disposition of ISO?

Hi
I exercised and sold at the same time my ISOs in 2024.
It is considered as an unqualified disposition and will be considered in my W2 as income.
I appreciate it if you shed some lights on the followings:
1- Considering that there is no gain of capital and that the earned money is already considered in my W2 as income, should I report anything based on my 1099? Actually, will this transaction be mentioned in my 1099?
2- Do I need to estimate the tax on this transaction myself and pay it in advance to the IRS? Is there any penalty for not to do this?
3- Please explain to me how I should proceed with the estimated payment (any link for the payment?).
4- How should I report my estimated paid tax when I file my tax of 2024?

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