Burt, the CFO of Amber, Inc., was granted incentive stock options in 2012. Burt exercised the stock
Question:
Burt, the CFO of Amber, Inc., was granted incentive stock options in 2012. Burt exercised the stock options in February 2016 when the exercise price was $75,000 and the fair market value of the stock was $90,000. He sold the stock in September 2017 for $150,000. What are the regular income tax consequences and the AMT consequences for Burt in:
a. 2012?
b. 2016?
c. 2017?
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a For regular income tax purposes and for AMT purposes there are no ...View the full answer
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Related Book For 
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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