In March 2021, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in

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In March 2021, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2018. Serengeti acquired 5,000 shares of Thunder stock for the exercise price of $65 per share. The fair market value of the stock at the date of exercise was $90 per share.

What is Serengeti’s 2018 AMT adjustment related to the ISO? What is the 2021 adjustment?

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South-Western Federal Taxation 2022 Individual Income Taxes

ISBN: 9780357519073

45th Edition

Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman

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Question Posted: Jul 13, 2022 01:14 AM

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In March 2021, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in

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Serengeti used the code for Deductions and Credits in his tax return for the 201...View the full answer

South-Western Federal Taxation 2022 Individual Income Taxes

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