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ISO / AMT calculator

Incentive Stock Options can produce surprise five- or six-figure AMT bills if you exercise and hold. This calculator estimates AMT added beyond regular tax, plus compares against a same-day disqualifying disposition.

Bargain element
$225,000
(FMV − Strike) × shares
Cash to exercise
$25,000
Strike × shares
Usable AMT exemption
$90,100
2026: $90,100 (single); phaseout-loss $0
Exercise + hold (qualified disposition path)
~$65,507
Federal AMT added on top of regular tax + $6% state on bargain

Worth it if you can hold 2 yrs from grant + 1 yr from exercise. Full appreciation past FMV becomes LTCG.

Same-day disqualifying disposition
~$89,179
Federal ordinary-income tax on bargain + $6% state

No AMT exposure. Tax is paid once. Full diversification immediately.

Educational estimate. Real AMT depends on your full return (deductions, other preferences, AMT credit carryforward). Consult a CPA before exercising.

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FAQ

Why does exercising and holding ISOs trigger AMT?
When you exercise an ISO and HOLD the shares, the bargain element (FMV − Strike) is a "preference item" for AMT — added to your AMT income even though it isn't taxed for regular purposes. The IRS effectively pre-collects tax on a paper gain.
What's the difference between same-day-sell and exercise-and-hold?
Same-day-sell (disqualifying disposition): bargain element is W-2 ordinary income; no AMT. Exercise-and-hold: bargain element is AMT preference; if held 2 years from grant + 1 year from exercise, full appreciation is LTCG (qualified disposition).
Is there an AMT credit?
Yes — AMT paid in the exercise year creates a credit recoverable in future years when regular tax exceeds AMT. The credit can take many years to fully recover.

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Educational guidance only. Not legal, tax, or individualized investment advice. We do not recommend individual securities or guarantee outcomes.