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To: MaryinRed who wrote (12125)4/7/2000 6:02:00 PM
From: MaryinRed  Respond to of 18366
 
irs.ustreas.gov

snip: I think this is what caused me to pay the tax on the options....even though..I did not SELL the stock.

"Alternative minimum tax. For the alternative minimum tax, you must treat stock acquired through the exercise of an incentive stock option as if no special treatment applied. This means that, when your rights in the stock are transferable and no longer subject to a substantial risk of forfeiture, you must include as an adjustment in figuring alternative minimum taxable income the amount by which the fair market value of the stock exceeds the option price."

Mary...



To: MaryinRed who wrote (12125)4/7/2000 11:50:00 PM
From: Walter Morton  Read Replies (1) | Respond to of 18366
 
Thank you MaryinRed. You are so modest. You were great.