IV On January 1, 2020 Blue received 5,500 restricted shares of stock from the Black Company when the fair market value of the stock was $40 per share The restricted shares of stock vest on January 1, 2023 On January 1, 2023 the fair market value of the stock was $48 per share Blue sold the 7,000 shares of stock on August 1, 2023 for $50 per share Blue made a section 83 (b) election Required 1 Determine the tax treatment of the restricted stock to Blue on the date of grant, the date of vesting, and the date of sale 2 Determine the tax treatment of the restricted stock to the Black Company on the date of grant, the date of vesting, and the date of sale

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IV  On January 1, 2020 Blue received 5,500 restricted shares of stock from the Black Company when the fair market value of the stock was $40 per share  The restricted shares of stock vest on January 1, 2023  On January 1, 2023 the fair market value of the stock was $48 per share  Blue sold the 7,000 shares of stock on August 1, 2023 for $50 per share  Blue made a section 83 (b) election  Required  1  Determine the tax treatment of the restricted stock to Blue on the date of grant, the date of vesting, and the date of sale  2  Determine the tax treatment of the restricted stock to the Black Company on the date of grant, the date of vesting, and the date of sale

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IV. On January 1, 2020 Blue received 5,500 restricted shares of stock from the Black Company when the fair market value of the stock was

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