In March 2017, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in
Question:
In March 2017, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2014. Serengeti acquired 5,000 shares of Thunder stock with a strike price of $65 per share. The fair market value of the stock at the date of exercise was $90 per share. Determine Serengeti’s AMT adjustment related to these events:
a. For 2014.
b. For 2017.
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a For 2014 No AM T adjustment is required for 2014 since the ISO was grant...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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