in a publicly traded company. When do they become taxable for alt min??? If alt min happens(is it difference between fmv and option price on strike date) because of the options is there any change to basis in the stock-for regular tax purposes when the stock is sold??? First time I have seen this.. When do you get a credit back for any alt min that may have happenned???
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Are you talking about statutory or non-statutory. If former, AMT kicks in when exercised unless sold in the same year. If not sold same year then AMT is positive adjustment between option price and fmv of stock the day excercised. In year sold, the previous AMT adjustment becomes an AMT negative adjustment -
See Pub. 525 page 10 and 11,Comment
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