On October 23,2016,McIntyre sells 700 shares of stock at $26 per share.McIntyre acquired the stock on June 1,2015,when he exercised his option to purchase the shares through his company's incentive stock option plan.The exercise price was $12 per share and the fair market value of the stock at the date of exercise was $16 per share.For 2016,McIntyre must report

Question

On October 23,2016,McIntyre sells 700 shares of stock at $26 per share.McIntyre acquired the stock on June 1,2015,when he exercised his option to purchase the shares through his company's incentive stock option plan.The exercise price was $12 per share and the fair market value of the stock at the date of exercise was $16 per share.For 2016,McIntyre must report
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Quizplus · Accepted Answer

The Answer of On October 23,2016,McIntyre sells 700 shares of stock at $26 per share.McIntyre acquired the stock on June 1,2015,when he exercised his option to purchase the shares through his company's incentive stock option plan.The exercise price was $12 per share and the fair market value of the stock at the date of exercise was $16 per share.For 2016,McIntyre must report
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On October 23,2016,McIntyre Sells 700 Shares of Stock at $26