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What is the amount of Liza AMT adjustment

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Reference no: EM132669501

Problem - In 2019, Liza exercised an incentive stock option that had been granted to her in 2016 by her employer, Weather Corporation. Liza acquired 100 shares of Weather stock for the option price of $190 per share. The fair market value of the stock at the date of exercise was $250 per share. Liza sells the stock for $340 per share in 2021.

Required -

a. What is the amount of Liza's AMT adjustment in 2019? What is her recognized gain on the sale for regular income tax and for AMT purposes in 2021?

b. How would your answers in part (a) change if Liza had sold the stock in 2019 rather than 2021?

Reference no: EM132669501

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