[Oneday]

NINJA Question –

Hi, I’m using both and I just came across AMT question on Ninja MCQ and found out that Incentive Stock Option is part of adjustment of AMT, not preference.

On the other hand, Roger CPA teach this mnemonic SIMPLE PIE (SIMPLE being adjustment, PIE being preference) and “I” in PIE stand for Incentive Stock Option. In other words, Roger says Incentive Stock Option is an Preference category.

Looking at Ninja MCQ’s reference for AMT (Reference 4590.01), many things seem to conflict with Roger’s textbook. Including accelerated depreciation method being categorized differently.

Can someone help me to find out which is correct?