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In 2022, Reya exercised an incentive stock option that had been granted to her in 2019 by her employer, Weather Corporation. Reya acquired 100 shares
In 2022, Reya exercised an incentive stock option that had been granted to her in 2019 by her employer, Weather Corporation. Reya acquired 100 shares of Weather stock for the option price of $7,900 per share. The rights in the stock become freely transferable and not subject to a substantial risk of forfeiture in 2022 . The fair market value of the stock at the date of exercise was $9,100 per share. Reya sells the stock for $11,000 per share later in 2024. If an amount is zero, enter "0". a. What is the amount of Reya's AMT adjustment in 2022? What is her recognized gain on the sale for regular tax and for AMT purposes in 2024? In 2022, Reya has a $ AMT adjustment of \$ for AMT purposes. As a result, Reya has a in 2024 . . Her recognized gain on the sale for regular income tax is AMT adjustment of b. How would your answers in (a) change if Reya had sold the stock in 2022 rather than 2024 ? Reya has a $ AMT adjustment is required in 2022. For regular tax purposes, Reya would recognize of ordinary/compensation income and a $ short-term capital gain. In 2022, Reya exercised an incentive stock option that had been granted to her in 2019 by her employer, Weather Corporation. Reya acquired 100 shares of Weather stock for the option price of $7,900 per share. The rights in the stock become freely transferable and not subject to a substantial risk of forfeiture in 2022 . The fair market value of the stock at the date of exercise was $9,100 per share. Reya sells the stock for $11,000 per share later in 2024. If an amount is zero, enter "0". a. What is the amount of Reya's AMT adjustment in 2022? What is her recognized gain on the sale for regular tax and for AMT purposes in 2024? In 2022, Reya has a $ AMT adjustment of \$ for AMT purposes. As a result, Reya has a in 2024 . . Her recognized gain on the sale for regular income tax is AMT adjustment of b. How would your answers in (a) change if Reya had sold the stock in 2022 rather than 2024 ? Reya has a $ AMT adjustment is required in 2022. For regular tax purposes, Reya would recognize of ordinary/compensation income and a $ short-term capital gain
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