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Required Informetion [The following information applies to the questions displayed below] Pratt is ready to graduate and leave College Park. His future employer (Ferndale Corporation) offers the following four compensation packages from which Pratt may choose. Prott will start working for Ferndale on January 1, year 1. Assume that the restricted stock is 1,000 shares that trade at $5 per share on the grant date (January 1, year 1 , shares are expected to be worth $10 per share on the vesting date at the end of year 1 , and no 83(0) election is made. Assume that the NQOs (100 options) each allow the employee to purchase 10 shares at $5 exercise price The stock trades at $5 per share on the grant date (January 1, year 1) and is expected to be worth $10 per share on the vesting date at the end of year 1 , and the options are exercised and sold at the end of the year. Also assume that Pratt spends on average $3.000 on health-related costs that will be covered by insurance if he had coverage or is an after-tax expense if he isn't covered by insurance (treat this as a cash outflow). Ascume that Prott's marginal tax rate is 35 percent. (ngnore FicA toxes and time value of money considerations). c. Assuming Pratt chooses Option 3 and sells the stock on the vesting date (on the last day of year 1), complete Pratt's Schedule D and Form 8949 for the sale of the restricted stock. Note: input all the values as positive numbers. Use 2023 tox rules regardless of year on tax form. Form 8949 Department of the Treasury - intemal Revenue Servise Nam4(0) ahown en return Sales and Other Dispositions of Capital Assets - Go to www irs gevi Form 8049 for instructions and the latest information. File with your Schedule D to list your transwctions for ines 16,2,3,86,9. and 10 of Scledule D OMa No 15450074 2022 Atrachment Sequence No. 12A Before you sheck Box A, B, or C Bebow, see whether you receved any Form (a) 1099B or substituft statement(s) from your broker A substitute statement nill have the same information as Form 10998. Ether will show whether your basis fuswally your cost was nported fo the iRS by your brolier and ma y eren fell you which bor to check. Part I Short-Term. Note: or codes are instructions) Tranustions involving captal assets you beld 1 your or less are generaly shortterm (see instructons). For long-term transactions. see page 2 You may aggregate at shortcerm transactions roported on Form(s) 1000 -8 showing basis was reported to the IRS and for which no adjustments e required. Enter the totals directly on Schedule D, line 1a. you avent required to repert these transactions on Form 8949 (see required. Enter the totals directly on Schedule D, line 1a you anent required to repent these transactions on Frm 8949 (see Social securty number oc taxpayer denbficaton number Part I You must check Box A, B, or C below. Check If more fhan one box applies for your short-term ransactions, complese a suparate Form so49, page 1 . only one box. for each applicable bor. If you have more shorttecm transactons than wilf fit on this page for oce or more of the bores, complete as many forms with the same bor checked as you need (A) Shortterm transactons reported on Form(s) 1099.8 showing busa was reponted to the iRS (A4* Note above) (B) Shonterm transactions reponted on Form(s) 1009 .8 shosing basis wasn? neported to the iRS (C) Short term tranactions not ieponed to you ope Form 1000 -B \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\begin{tabular}{l} 1 \\ (a) Description of \\ propirty \\ (Example 100 \\ shares XYZ \\ Company) \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} (b) One aoquired \\ Month, dry, Year) \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} (c) Date sold or \\ disposed of \\ alonth, day, Yeav) \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} (d) Proceeds \\ (sales price) (see \\ instructions) \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} (e) Cost or other \\ basis. See the \\ Note belovi and \\ see Column (e) in \\ be separate \\ instructions \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} Adjustment, if any, to pain or loss. If you \\ enter an amount in column ( 0 ), enter a code \\ in column (h). See the separate hatructions. \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} (b) Gan or (loss) \\ Subtract column (e) \\ from column (d) and \\ combine the result with \\ column (a) \end{tabular}} \\ \hline & & & & & \begin{tabular}{l} (1) Code(s) froin \\ instructions \end{tabular} & \begin{tabular}{l} (a) Amcunt of \\ adfustrment \end{tabular} & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & i & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline \begin{tabular}{l} 2 Tolals Rdd the : \\ 0N) Goutract \\ nepabive amoum \end{tabular} & \begin{tabular}{l} amoulits in colvitins \\ a) Enter eash total \end{tabular} & \begin{tabular}{l} (id). (e) (0). and \\ bers and noluste \end{tabular} & & & & & \\ \hline \end{tabular} (e) to comect the basis. See Column () a the separate inctructions for how to foure the ambunt of the adjusment. For Paperwork Reduction Act Notice, see your tax return instructions. Cat No 377082 Form 8949 (2022) THIS FORM IS A SIMULATION OF AN OFFICIAL US. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL Source, irs, gov Intemal Revenwe Service (06) - Use Form 8949 to list your tranasctions for lines 16,2,3,86,9, and to Acachment Sequence No. 12 Name(s) shown on retum Your social security number Did you dspose of any investments) in a qualfied opportunity fund during the tax year? Yes No Part I Short-Term Capital Gains and Losses See inwructions for how to flgure the amounts to enter on the lnes below. This form may be easier to complete if you round off cents to whole dollan which basis was reponed to the lRS and for which you tosve so ad ustinents (see insuctions) Howevec Cyou choose to report yi these
