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Quinn exercised a non statutory stock option on August 6 2022. HE purchased 600 shares of his company stock for $5000. The fair market value
Quinn exercised a non statutory stock option on August 6 2022. HE purchased 600 shares of his company stock for $5000. The fair market value of the stock at the time of the purchase was $7500. He included the $2500 difference between the fair market value and the purchase price as compensation income when he filed his 2023 return. What is Quinns basis in. the following stock. A) 0. B) 2500 C) 5000 D) 7500. HAD PROBLEMS RECEIVING FEEDBACK IT CAME IN BARE
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