Read the requirements.

Requirement a$.$ How much gross income must Kristen recognize? $($Enter a $"0"$ for a zero amount.$)$

Kristen must recognize of gross income.

Requirements

Requirement $b.$ What is the basis of each stock right received? $($Do not round intermediary calculations. Only round the amp per share.$)$

First, calculate the total basis, we will calculate the basis of each stock in the next step.

$($

$($

$x,=$ Basis $of$ righ

$x,=$

The basis of each stock right received is

Requirement c$.$ If she sells the $500$ stock rights for $$16,600,$ what is her gain? $($Use parentheses or a minus sign to show a Stock rights

Less:

Realized gain $($loss$)$

a$.$ How much gross income must Kristen recognize?

b$.$ What is the basis of each stock right received?

c$.$ If she sells the $500$ stock rights for $$16,600,$ what is her gain?

d$.$ If she exercises the $500$ stock rights on October $12,$ what is the basis of the $500$ shares she receives and when does the holding period for those shares start?

Requirement d$.$ If she exercises the $500$ stock rights on October $12,$ what is the basis of the $500$ shares she receives and when does the holding period for those shares start?

The basis of the $500$ shares she receives is The holding period should start on

Time Remaining: $00$:$46$:$13$