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I am filling in the form for "ISO Exercise and Hold", for some reason there is an extra 30K added on the summary page for that adjustment

Forum|Forum|4 years ago
March 14, 2022
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In my case, my exercise price is ~$3 and FMV at the time of exercise was ~$80, and I exercised 1000 share. Therefore should see $77,000 as the adjustment. However, in the "Wages

TurboTax Premier Online

Best answer by doboy0

The value displays on the summary page as 105k. See screenshot.

Even though it shows up as 75K on the "ISO Exercise and Hold" page

I resorted to reseting my tax return and re-entered the values in. It worked the second time, I think there was a bug that added an extra 30k. Maybe there was an extra adjustment that was hidden and was not able to be removed. I am a bit disappointed that I had to re-do all my work though.

R

RaifH

Your math checks out, the ISO exercise and hold section should be $77,000. Can you clarify where you are seeing the extra $30,000? I think your post got cut off.

D

doboy0AuthorAnswer

The value displays on the summary page as 105k. See screenshot.

Even though it shows up as 75K on the "ISO Exercise and Hold" page

I resorted to reseting my tax return and re-entered the values in. It worked the second time, I think there was a bug that added an extra 30k. Maybe there was an extra adjustment that was hidden and was not able to be removed. I am a bit disappointed that I had to re-do all my work though.