Barbara received 7,000 shares of restricted stock on June 1, 2019 when the stock was valued at
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Question:
Barbara received 7,000 shares of restricted stock on June 1, 2019 when the stock was valued at $2 per share. The shares vest on June 1, 2020 when the shares are valued at $8 per share. She continues to hold the shares after the vesting date.
Note: Do not add a '$' dollar sign while entering the answer
What is the character of Barbara’s taxable income from the restricted stock if she does make a Section 83(b) election?
Write either Ordinary or Long-term Capital Gain in the blank.
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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