MacBook Realize Your Pobential: H&R Block Test - Senior Tax Specialist- Pretest (2017) 0 This section is covered in the IRS Publication 525, Taxabie and Nontaxable Income. Question 31 of 50 Anton was granted a nonstatutory stock option on October 15, 2010. He exercised the option on June 13, 2012. The option specified that Anton must sell the stock back if he leaves the company for any reason before October 15, 2016. When is the compensation re o October 15, 2010 June 13, 2012 October 15, 2016 Not enough information to make this determination Mark for follow up Question 32 of 50 What amount of income is recognized if the holding period requirement is not met for stock acquired through an employee stock purchase plan? Short-term capital gain equal to the difference between the option price and the fair market value of the stock on the exercise date. Ordinary income equal to the difference between the option price and the fair market value of the stock on the exercise date. Short-term capital gain equal to the difference between the option price and the price of the stock at the time of exercise. o Ordinary income equal to the difference between the option price and the price of the stock at the time of exercise. Mark for follow up MacBook Realize Your Pobential: H&R Block Test - Senior Tax Specialist- Pretest (2017) 0 This section is covered in the IRS Publication 525, Taxabie and Nontaxable Income. Question 31 of 50 Anton was granted a nonstatutory stock option on October 15, 2010. He exercised the option on June 13, 2012. The option specified that Anton must sell the stock back if he leaves the company for any reason before October 15, 2016. When is the compensation re o October 15, 2010 June 13, 2012 October 15, 2016 Not enough information to make this determination Mark for follow up Question 32 of 50 What amount of income is recognized if the holding period requirement is not met for stock acquired through an employee stock purchase plan? Short-term capital gain equal to the difference between the option price and the fair market value of the stock on the exercise date. Ordinary income equal to the difference between the option price and the fair market value of the stock on the exercise date. Short-term capital gain equal to the difference between the option price and the price of the stock at the time of exercise. o Ordinary income equal to the difference between the option price and the price of the stock at the time of exercise. Mark for follow up