Question

Where do I enter information for form 3921? When I go to the "Stocks, Bonds, Mutual Funds" area which is supposed to cover 3921, it only allows me to enter 1099-B stuff.

Forum|Forum|5 years ago
February 19, 2021
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TurboTax Premier Online

In the same Investment Income section, scroll down to ISO Exercise and Hold and Start. TurboTax will ask if you bought the Incentive Stock Options in 2020 and whether or not they were sold during 2020 through the interview.

For more information about incentive stock options, see 2020 Publication 525: Taxable and Nontaxable Income beginning on page 12, Column 2.

S

soupmanAuthor

In that section, after going through the wizard about buying/selling in the same year, it says "Since you sold this ISO stock in the same year you bought it, you don't need to report anything here. Make sure to report the ISO stock sale as an Investment Sale."

There is no way to enter a 3921 here...

The "Stocks, Bonds, Mutual Funds" section says that it "Covers 1099-B, 3922, 3921," but when you continue it only gives you a chance to enter information from a 1099-B.

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Norcal Richard

I had the same frustration. You have to force it. I put Form 3921 in the Broker slot and just proceeded from there. There is a pull down for ISO transactions, and you need to calculate the cost and proceeds, but it is doable.

Thanks! Had the same problem, and scrolled through many answers leading towards dead ends since TT does not have a clean method for ISO exercise and sell. If TT would just have inserted an option for "Don't have a 1099-B" in Premium 2023, but this would have been too easy.