In March 2019, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in
Question:
In March 2019, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2016. Serengeti acquired 5,000 shares of Thunder stock for the exercise price of $65 per share. The fair market value of the stock at the date of exercise was $90 per share. What is Serengeti’s 2016 AMT adjustment related to the ISO? What is the 2019 adjustment?
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No adjustment is needed in 2016 Neither the regular tax nor the AMT calculation is af...View the full answer
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Related Book For 
South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities
ISBN: 9780357109175
23rd Edition
Authors: Annette Nellen, James C. Young, William A. Raabe, David M. Maloney
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