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On March 10 ,2022 Leanne exercised an incentive stock option granted to her by her employer. Her option allowed her to purchase 1,000 shares of
On March 10 ,2022 Leanne exercised an incentive stock option granted to her by her employer. Her option allowed her to purchase 1,000 shares of a stock for $10 per share. When she exercised her option, the stock was trading at $15 per share. She sold the stock at a gain 6 months later when it the stock was trading at $21 per share. As a result of this transaction. As a result of this transaction, how much should be reported as short term capital gain on Leanne's 2022 tax return?
A) $0
B.) $5,000
C.) $6,000
D.) $10,000
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