What do I do with AMT adjusted income?
April 22, 2005
Date: Fri, 25 Mar 2005
I was granted some stock options in 2000. I exercised the options and the stock is sitting in a brokerage account. I have a letter from the broker saying that I have AMT adjusted income. What do I do with this income?
Date: Fri, 08 Apr 2005
It sounds like you have exercised an incentive stock option. The AMT income is reported on line 13 of Form 6251, Alternative Minimum Tax – Individuals.
You don’t seem to have a clue what you are dealing with. Maybe you should hire a professional (like us) to help you.