In the Current Tax Year, Ben Exercised an Incentive Stock

True/False

In the current tax year, Ben exercised an incentive stock option (ISO), acquiring stock with a fair market value of
$190,000 for $170,000.As a result, his AMT basis for the stock is $170,000, his regular income tax basis for the stock is $170,000, and his AMT adjustment is $0 ($170,000 - $170,000).