I don't care to nit pick but it's not quite that simple. The AMT credit you receive at exercise can in theory be used to offset the tax due at sale, but you can

I don't care to nit pick but it's not quite that simple. The AMT credit you receive at exercise can in theory be used to offset the tax due at sale, but you can only claim amt credit if your traditional tax liability is higher than your amt liability that year. While that may be true if you sell a lot of stock it's not a lock esp in California where a working married couple with a home can have a lot of high dollar deductions. In that case you keep the credits until you can use them.