$60\mathrm{.}0\%$ complete

Question

Mike was awarded $1,000$ shares of restricted stock of B Corp at a time when the stock price was $$14.$ Assume Mike properly makes an $83($b$)$ election at the date of the award. The stock vests $2$ years later at a price of $$12$ and Mike sells it then. What are Mike$$s tax consequences in the year he makes the $83($b$)$ election?

A$.$Mike has W$-2$ income of $$12,000.$

B$.$Mike has a long$-$term capital loss of $$2,000.$

C$.$Mike has W$-2$ income of $$14,000.$

D$.$Mike has a $$12,000$ long$-$term capital gain.