In March 2022, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in
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In March 2022, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2019. 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 2019 AMT adjustment related to the ISO? What is the 2022 adjustment?
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No adjustment is needed in 2019 Neither the regular tax nor the AMT calculation is af...View the full answer
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