Question

I exercised ISO's in 2016 and entered them into TT and paid the AMT accordingly. I sold them in 2018. How do I enter them in TT correctly to recoup the AMT?

Forum|Forum|7 years ago
June 1, 2019
1 reply
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When I try to use the step-by-step function, it doesn't seem to recognize any aspect of the transaction from 2016 - even though if I click on the "ISO Exercise and Hold" section it shows the 2016 transactions, carried over from my prior year's return.

TurboTax Premier Windows

T

TomYoung

Employee

Use the ISO "guide me step by step" interview in the "Stocks, Mutual Funds, Bonds, Other" interview. That will create the proper reversing entry over on Form 9251.

Tom Young

P

pauvilAuthor

Tom, thanks for your reply. I actually tried that, and yet it didn't create the offsetting entry. When I walk through the guided process, it doesn't seem to be aware of the 2016 activity, even though I can see that it was pulled over from my prior return.