Form 3921
Also called: IRS Form 3921
In one line
The IRS form a company issues when you exercise ISOs, reporting the details needed to calculate AMT.
In plain English
After you exercise ISOs, the company sends Form 3921 with the dates, strike price and fair market value. Your tax preparer uses it to work out any AMT and your cost basis.
If you were explaining it to a 5-year-old
It's the receipt the shop gives you after you use a special voucher, so the taxman can check the numbers.
Why it matters when you sell
Form 3921 is the paper trail behind your AMT and future gain, so keeping it matters when you later sell and report the shares.
Related terms
Put it to use
When you're ready to go deeper, there's an optional Equity Toolkit and Report.
Sources
Primary references for this term: IRS (US tax). Our definitions are written in plain English and kept evergreen β see the glossary methodology. General information, not advice.
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