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In 2020, Casa received 1,000 shares of restricted stock from her employer when the price was $8 per share. In 2023, when the share price
In 2020, Casa received 1,000 shares of restricted stock from her employer when the price was $8 per share. In 2023, when the share price was $11, the restricted stock vested. In 2028, Casa sold the stock for $25 per share. If Casa made an election under Section 83(b) in 2020, what amount of ordinary income and capital gain will she recognize with respect to the stock transactions?
$0 ordinary income; $25,000 capital gain in 2028. |
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