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Timothy receive stock options with an exercise price of $25. timothy exercised these options two years after the date of the grant when the stock
Timothy receive stock options with an exercise price of $25. timothy exercised these options two years after the date of the grant when the stock price is $40 per share. he sold the ISO shares three years later when the stock was trading at $47 per share. which of the following statements is correct
Timothy would have a long-term capital gains of $22 per share at sale
Timothy would have W-2 income of $15 per share upon exercise
Timothy would have $25 per share of AMT income upon exercise
Timothy is adjustable bases for regular income tax would be $40 per share at exercise
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