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?