In 2022, Casa received 1,000 shares of restricted stock from her employer when the price was...
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In 2022, Casa received 1,000 shares of restricted stock from her employer when the price was $8 per share. In 2025, when the share price was $11, the restricted stock vested. In 2030, Casa sold the stock for $25 per share. If Casa made an election under Section 83(b) in 2022, what amount of ordinary income and capital gain will she recognize with respect to the stock transactions? O $25,000 ordinary income in 2022; $0 capital gain in 2030. $11,000 ordinary income in 2025; $14,000 capital gain in 2030. O $0 ordinary income in 2022; $25,000 capital gain in 2030. O $8,000 ordinary income in 2022; $17,000 capital gain in 2030. In 2022, Casa received 1,000 shares of restricted stock from her employer when the price was $8 per share. In 2025, when the share price was $11, the restricted stock vested. In 2030, Casa sold the stock for $25 per share. If Casa made an election under Section 83(b) in 2022, what amount of ordinary income and capital gain will she recognize with respect to the stock transactions? O $25,000 ordinary income in 2022; $0 capital gain in 2030. $11,000 ordinary income in 2025; $14,000 capital gain in 2030. O $0 ordinary income in 2022; $25,000 capital gain in 2030. O $8,000 ordinary income in 2022; $17,000 capital gain in 2030.
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Ordinary Income in the year of 2022 should be 1000 shares x 8 per share 8000 In the year of 2030 C... View the full answer
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
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