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Jill was granted 1,000 shares of restricted stock when she joined the company. The share price was 6$ on the date of grant, 9$ when
Jill was granted 1,000 shares of restricted stock when she joined the company. The share price was 6$ on the date of grant, 9$ when the restrictions lapsed, and 15$ when she disposed of the stock. No section 83(b) election was made. What is the amount and character of Jill's income on the date the restrictions lapse?
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