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Author Question: Tobey receives 1,000 shares of YouDog! stock as part of his compensation package. Tobey's employment ... (Read 101 times)

maychende

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on: Sep 13, 2020
Tobey receives 1,000 shares of YouDog! stock as part of his compensation package. Tobey's employment contract with YouDog!, Inc. states that if he leaves before completion of three years of employment, he will forfeit the stock. The stock currently has a fair market value of $12 per share. Which of the following statements regarding Tobey's choices is not true?
◦ Tobey does not have to recognize any income from receiving the stock until his rights to the stock are fully vested.
◦ Tobey must report $12,000 as income due to the receipt of the stock in the current year.
◦ Tobey may elect to report the $12,000 FMV of the stock as ordinary income in the current year.
◦ If Tobey elects to report $12,000 as income in the current year and the stock price falls to $5 per share when his rights to the stock are vested, Tobey is not allowed to deduct a loss.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by maychende on Sep 13, 2020

Athena23

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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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maychende

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

atrochim

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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