In 1997, we had to exercise 'Incentive StockOptions' granted to my wife. The option weregranted to her in 92. The option price was 8. When we exercised, the stock pricewas 20. We reported the difference (20 - 8 = 12)as an AMT item in calculatin the AMTtax for 1997 (again done with TTax).We still have the stock. If we sell thestock in this year (ie. 2000), what is thecost basis of the stock. Is it still8 (original price the stock was boought at) or is it 20?
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