Question
Patrick received 2,000 shares of restricted stock on April 1, 2021 when the stock was valued at $105 per share. The shares vested on April
Patrick received 2,000 shares of restricted stock on April 1, 2021 when the stock was valued at $105 per share. The shares vested on April 1, 2022 when the stock was valued at $126 per share.
- If Patrick makes an 83(b) election, what amount does he include in AGI for 2021 (if any)?
- If Patrick makes an 83(b) election, what amount does he include in AGI for 2022 (if any)?
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
