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Problem 12-36 (LO 12-2) (Static ) The following information applies to the questions displayed below On May 1year 1Anna received 5,000 shares of restricted stock
Problem 12-36 (LO 12-2) (Static ) The following information applies to the questions displayed below On May 1year 1Anna received 5,000 shares of restricted stock from her employer, Jarbal Corporation On that date, the stock price was $5 per share. On receiving the restricted stockAnna made an 83(b) electionAnna's restricted shares will all vest on May 1year 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. Problem 12-36 Part d (Static) d . What is Anna's gain or loss in year 3 the stock is valued at $ 5 per share on the day the shares vest?
Problem 12-36 (LO 12-2) (Static) [The following information applies to the questions displayed below.] On May 1, year 1. Anna received 5,000 shares of restricted stock from her employer, Jarbal Corporation. On that date, the stock price was $5 per share. On recelving the restricted stock, Anna made an 83(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. Problem 12-36 Part d (Static) d. What is Anna's gain or loss in year 3 if the stock is valt. Ask Jasper hare on the day the shares vest Step by Step Solution
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