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Author Question: Martin Corporation granted a nonqualified stock option to employee Caroline on January 1, 2013. The ... (Read 32 times)

j.rubin

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on: Sep 13, 2020
Martin Corporation granted a nonqualified stock option to employee Caroline on January 1, 2013.  The option price was $150, and the FMV of the Martin stock was also $150 on the grant date. The option allowed Caroline to purchase 1,000 shares of Martin stock.  The option itself does not have a readily ascertainable FMV.  Caroline exercised the option on August 1, 2016 when the stock's FMV was $250.  Caroline sells the stock on September 5, 2017 for $300 per share.  Martin Corporation will be allowed a deduction of
◦ $150,000 in 2013.
◦ $100,000 in 2016.
◦ $50,000 in 2017.
◦ $100,000 in 2016 and $50,000 in 2017.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by j.rubin on Sep 13, 2020

Ksh22

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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j.rubin

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Excellent

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