Question
In March 2023, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2020. Serengeti acquired 5,500 shares of
In March 2023, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2020. Serengeti acquired 5,500 shares of Thunder stock for the exercise price of $115 per share. The fair market value of the stock at the date of exercise was $161 per share. If an amount is zero, enter "0". a. What is Serengeti's 2020 AMT adjustment related to the ISO? Adjustment: No adjustment Amount: $ 0 b. What is Serengeti's 2023 AMT adjustment related to the ISO? Adjustment: A positive adjustment Amount: $ 230,000
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