In 2011,Alvin exercised an incentive stock option (ISO),acquiring stock with a fair market value of $250,000 for $170,000.His AMT basis for the stock is $250,000,his regular income tax basis for the stock is $170,000,and his AMT adjustment is $80,000 ($250,000 - $170,000).

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The given information correctly states Alvin's AMT basis, regular income tax basis, and AMT adjustment for the stock he acquired through the ISO.

In 2011,Alvin Exercised an Incentive Stock Option (ISO),acquiring Stock with a Fair