I did exercise ISOs that I did not sell yet. I got form 422(b) that shows FMV, option price ..etc, so where do I enter this info so TurboTax figure out if I need AMT

Forum|Forum|4 years ago
February 3, 2022
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I am using now the deluxe version of TurboTax, and I am at the Income screen with all my W2 from my self and spouse entered, I see a list of other possible incomes but I can not find the one the will trigger the ISO so TurboTax can make the calculations form me to see if I need to do AMT or whatever the rules are.

TurboTax Deluxe Online

PatriciaV

Employee

Yes, to calculate the AMT impact of exercising ISO shares, enter the information from Form 3921 under Federal Income >> Investment Income >> ISO Exercise and Hold. If you didn't receive this form, you can enter the exercise information manually. When you complete this interview, TurboTax will provide the AMT adjustment for this transaction.

Additional Info: About Form 3921, Exercise of an Incentive Stock Option

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