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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.04+1.2%10:29 AM EST

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To: JGoren who wrote (33341)6/27/1999 8:47:00 AM
From: Morgan Drake  Read Replies (3) of 152472
 
Help me out here. I've just reviewed AMT law in the CCH 1998 Master Tax Guide. I can't find long term capital gains listed as a tax preference item anywhere. I do see, however, that Incentive Stock Options (ISOs) do increase Alternative Minimum Tax Income (AMTI) "by the amount by which the price actually paid by an individual for an ISO is exceeded by the option's fair market value at the time his rights to the stock are freely transferable or are not subject to a substantial risk of forfeiture (IRC Sec. 56(b)(3))."

What am I missing here?

Thanx.
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