What amount is subject to AMT?
July 27, 2001
Subject: AMT on incentive stock options
Date: Sun, 1 Apr 2001
I am preparing my tax return. I am unclear on how much of the amount subject to the AMT tax for incentive stock options should be. Line 10 says “enter excess of AMT income over regular tax income.” If my incentive stock options subject to amount is $100,000.00 and my regular tax amount is $50,000 what amount do I put on line 10? Thank you
Date: Wed, 25 Jul 2001
The amount at line 10 of Form 6251 is generally the excess of the fair market value of the stock received on the date of exercise over the option price.