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In 2021, Reya exercised an incentive stock option that had been granted to her in 2018 by her employer, Weather Corporation. Reya acquired 100
In 2021, Reya exercised an incentive stock option that had been granted to her in 2018 by her employer, Weather Corporation. Reya acquired 100 shares of Weather stock for the option price of $190 per share. The rights in the stock become freely transferable and not subject to a substantial risk of forfeiture in 2021. The fair market value of the stock at the date of exercise was $250 per share. Reya sells the stock for $340 per share in 2023. If an amount is zero, enter "0". a. What is the amount of Reya's AMT adjustment in 2021? What is her recognized gain on the sale for regular tax and for AMT purposes in 2023? In 2021, Reya has a positive in 2023. 15,000 and AMT adjustment of $ 6,000. Her recognized gain on the sale for regular income tax is 9,000 for AMT purposes. As a result, Reya has a negative Her recognized bain AMT adjustment of $ 15,000 x
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