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In March 2019, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2016. Serengeti acquired 4,600 shares of Thunder
In March 2019, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2016. Serengeti acquired 4,600 shares of Thunder stock for the exercise price of $90 per share. The fair market value of the stock at the date of exercise was $126 per share. If an amount is zero, enter "0". a. What is Serengeti's 2016 AMT adjustment related to the ISO? Adjustment: Amount: $ b. What is Serengeti's 2019 AMT adjustment related to the ISO? Adjustment: Amount: $ A negative adjustment A positive adjustment No adjustment
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