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If you hold the shares for one year from your exercise date two years from the grant date of the option then the difference between grant price and market price when you sell the options is taxed as long-term gain rather than ordinary income, and if your ordinary tax rate exceeds your AMT tax rate you may get to use some of the previously accumulated AMT credit. Pay for TurboTax out of your federal refund: You should not exercise employee stock options strictly based on tax decisions.
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