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Problem 12-34 (LO. 3) In 2021, Reya exercised an incentive stock option that had been granted to her in 2018 by her employer, Weather

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Problem 12-34 (LO. 3) 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 $ AMT adjustment of $ 15,000 and $ 15,000 X in 2023. 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 AMT adjustment of b. How would your answers in (a) change if Reya had sold the stock in 2021 rather than 2023? Reya would have a $ AMT adjustment is required in 2021. For regular tax purposes, Liza would recognize 9,000 short-term capital gain. 6,000 of ordinary/compensation income and a $

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