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On May 1 , year 1 , Anna received 6,700 shares of restricted stock from her employer, Jarbal Corporation. On that date, the stock price
On May 1 , year 1 , Anna received 6,700 shares of restricted stock from her employer, Jarbal Corporation. On that date, the stock price was \\( \\$ 5 \\) per share. On receiving the restricted stock, Anna made an \\( 83(\\mathrm{~b}) \\) election. Anna's restricted shares will all vest on May 1 , year 3 . After the shares vest, she intends to sell them immediately to purchase a condo. True to her plan, Anna sold the shares immediately after they vested. Note: Leave no answers blank. Enter zero if applicable. Required: a. What is Anna's ordinary income in year 1? b. What is Anna's gain or loss in year 3 if the stock is valued at \\( \\$ 1.40 \\) per share on the day the shares vest? c. What is Anna's gain or loss in year 3 if the stock is valued at \\( \\$ 8.60 \\) per share on the day the shares vest? d. What is Anna's gain or loss in year 3 if the stock is valued at \\( \\$ 5 \\) per share on the day the shares vest? Complete this question by entering your answers in the tabs below. What is Anna's gain or loss in year 3 if the stock is valued at \\( \\$ 8.60 \\) per share on the day the shares vest
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