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What is Serengeti AMT adjustment

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Reference no: EM132669462

Problem - In March 2019, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2016. 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.

Required - What is Serengeti's 2016 AMT adjustment related to the ISO? What is the 2019 adjustment?

Reference no: EM132669462

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