Okay.

OK, so if you exercise a meaningful number of shares and we have a large bargain element, that phantom income can be large enough to push your alternative minimum tax number.

It's officially called your tentative minimum tax above what you'd owe under your regular tax return.

And so when that happens, like I mentioned, you're going to pay whichever is higher, which in this case, you know, in the example we're talking about is going to be the alternative minimum tax number.

Say that 10 times fast.

I imagine the next question on your mind or some of our listeners is how does this actually happen? Well, the IRS actually tracks it every year on a specific form.

It's the form 8801.

Yeah.