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Subject:   unvested option conversion taxable/AMT event?
Date:   Mon, 11 Oct 2010
From:   Gary

Hello,

I exercised my ISO last year. The amount was included in my W-2. Do I still have to report the stock sale on Schedule D?

Thanks,
Gary

Answer

Date:   15 Oct 2010

Hello Gary,

No income is reported for regular tax or AMT.

Good luck!

Mike Gray

For more information about incentive stock options, request our free report, Incentive Stock Options - Executive Tax and Financial Planning Strategies.

IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained in this answer was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.