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Question

How to input ISOs into turbotax?

Forum|Forum|3 years ago
February 12, 2023
1 reply
0 views

There are two options for inputting info to TurboTax about ISO purchases (I have a Form 3921).

The first is two list it under "Wages and Income" as a "ISO Exercise and Hold".

The second is under "Other Tax Situations" --> "AMT" --> "I exercised ISOs in 2022, but didn't sell the stock in 2022. Or I sold ISOs in 2022 that I purchased in a previous year".

If I input the Form 3921 info on both pages, it seems to double count the amount. Which is the right one to use? Or am I supposed to do it twice..

TurboTax Deluxe Online

You would only enter in one place- If you enter the information under the ISO Exercise and Hold, you should see the AMT adjustment on the summary (see below) so you would not have to enter it again under the AMT.