Question: Please help on the below. Thank you Carson is an employee of XYZ Corporation. XYZ granted Carson an incentive stock option on January 1 ,
Please help on the below. Thank you
Carson is an employee of XYZ Corporation. XYZ granted Carson an incentive stock option on January The option gave him the right to purchase shares of XYZ for $ which was the fair market value of the stock at the time the option was granted. Carson exercised his option on February when the fair market value of the stock was $ He did not sell or dispose of the stock that year.
When Carson files his return, what amount should be reported as an excess of AMT income over regular tax income on Form Alternative Minimum Tax Individuals?
a$
b $
c $
d$
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