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Arnold exercised an incentive stock option in 2016, acquiring 1,800 shares of stock at an option price of $110 per share. The FMV of the
Arnold exercised an incentive stock option in 2016, acquiring 1,800 shares of stock at an option price of $110 per share. The FMV of the stock at the date of exercise was $159 per share. In 2018, the rights became freely transferable and were not subject to a substantial risk of forfeiture. Arnold sells the shares in 2019 for $234 per share. Required: How do these transactions affect his AMTI in 2016, 2018, and 2019? (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required.) AMT Adjustment 2016 2018 $ 0 2019
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