Business
Business, 22.04.2021 20:20, heyItsLuna234

Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. Assuming Stevie made a section 83(b) election, what is the amount of Stevie's ordinary income with respect to the restricted stock?

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Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when...

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