> Subject: Stopck Option (ISO) Cost Basis> Author: baderl Date: 1/29/00 3:36 PM Number: 26309> In 1997, we had to exercise 'Incentive Stock> Options' granted to my wife. The option were> granted to her in 92. The option price > was 8. When we exercised, the stock price> was 20. We reported the difference (20 - 8 = 12)> as an AMT item in calculatin the AMT> tax for 1997 (again done with TTax).> We still have the stock. If we sell the> stock in this year (ie. 2000), what is the> cost basis of the stock. Is it still> 8 (original price the stock was boought > at) or is it 20?The basis is still $8. (The basis only changes if you exercise NQOs).Cheetah
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