LO.3 In March 2018, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation,
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LO.3 In March 2018, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2015. 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 2015 AMT adjustment related to the ISO? What is the 2018 adjustment?
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Related Book For 
Essentials Of Taxation Individuals And Business Entities 2019
ISBN: 9780357233290
1st Edition
Authors: William A Raabe, James C Young
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