In 2017, Liza exercised an incentive stock option that had been granted to her in 2014 by
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In 2017, Liza exercised an incentive stock option that had been granted to her in 2014 by her employer, White Corporation. Liza acquired 100 shares of White stock for the option price of $190 per share. The fair market value of the stock at the date of exercise was $250 per share. Liza sells the stock for $340 per share in 2019. What is Liza’s AMT adjustment in 2017? What is her 2019 recognized gain on the sale for regular income tax and for AMT purposes?
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L iza s AM T adjustment in 2017 is 10 000 250 190 x 100 shares ...View the full answer
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Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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