rbynaker
Level 13
04-15-2022
03:22 PM
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@gk wrote:
Thank u. So when he sells the ISO he has to pay the tax on capital gain again right? How does that work.? Please advise
Quite poorly IMO. You'll be carrying an AMT credit forward via Form 8801:
https://www.irs.gov/pub/irs-pdf/f8801.pdf
It may or may not help. In the year of sale you'll have an AMT adjustment in the opposite direction (because your AMT basis is higher than your regular tax basis).
