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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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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