Question

Why is TurboTax counting my exercise of ISO shares without selling (i.e., exercise and hold) as a tax event beyond affecting the AMT calculation?

Forum|Forum|4 years ago
April 10, 2022
1 reply
0 views

It asks for Form 3921 and when I enter it, it automatically considers this exercise as taxable income--even when it has not been sold.

TurboTax Premier Online

G

GeorgeM777

It could be that you are subject to the Alternative Minimum Tax. The AMT amount, however, becomes a potential tax credit that you can subtract from a future tax bill. If in a subsequent year your regular tax exceeds your AMT, then you can apply the credit against the difference.

@bryanyc2001

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