Question: Problem 12-36 (LO 12-2) (Static ) The following information applies to the questions displayed below On May 1year 1Anna received 5,000 shares of restricted stock
Problem 12-36 (LO 12-2) (Static) [The following information applies to the questions displayed below.] On May 1, year 1. Anna received 5,000 shares of restricted stock from her employer, Jarbal Corporation. On that date, the stock price was $5 per share. On recelving the restricted stock, Anna made an 83(b) election. Anna's restricted shares will all vest on May 1, year 3 . After the shares vest, she intends to sell them immediately to purchase a condo. True to her plan. Anna sold the shares immediately after they vested. Note: Leave no answers blank. Enter zero if applicable. Problem 12-36 Part d (Static) d. What is Anna's gain or loss in year 3 if the stock is valt. Ask Jasper hare on the day the shares vest
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
