ISO disqualifying disposition (no 1099B): what is proper TT workflow to 1) add adj cost basis to negate W2-reported income and 2) ensure full AMT credit is applied? thx

[Anonymous]

this was a sale of private company shares (exercise in 3Q20, sale in 1Q21). i've read thru the help topics and ISO

[AmyC]

 You exercised third quarter and you clearly did the required AMT for 2020 for the options. You do need to make adjustments to both the stock basis and the AMT basis for 2021. The AMT is not a carryforward. Here is more reading to truly explain and help you.

• Incentive Stock Options - includes various scenarios
• Re: Cannot add ISO details (intuit.com) - includes screenshots
• Missing AMT credit? - explains your AMT issue and how to correct