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Does entering "ISO Exercise & hold" bargain element in 'Wages & Income' interview AND 'ISO adjustment amount' in 'Other Tax Situations' double count AMT liability?

Let me see if I can get someone from TurboTax who uses the online versions step in here and try to clear things up.  

Does entering "ISO Exercise & hold" bargain element in 'Wages & Income' interview AND 'ISO adjustment amount' in 'Other Tax Situations' double count AMT liability?

Was this ever resolved? I'm encountering the same issue.

Does entering "ISO Exercise & hold" bargain element in 'Wages & Income' interview AND 'ISO adjustment amount' in 'Other Tax Situations' double count AMT liability?

I just entered it in one place and not the other because they confirmed that it was double counting. This year, so far, I'm not running into the same issue (but I also haven't finished yet). Good luck!

Mishell
New Member

Does entering "ISO Exercise & hold" bargain element in 'Wages & Income' interview AND 'ISO adjustment amount' in 'Other Tax Situations' double count AMT liability?

Hi - can you also send me these instructions?  I have exercised and held ISOs and am getting hit with a HUGE AMT.

 

Thanks,

Mishell

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