Restricted stock is nontransferable and must be traded in compliance with:
A)SEC Rule 144.
B)SEC Rule 1244.
C)Section 83(b).
D)Section 162.

Question

Quizplus · Accepted Answer

Restricted stock can only be traded in compliance with SEC Rule 144, which governs the resale of restricted and controlled securities. SEC Rule 1244 pertains to the treatment of loss from the sale of small business stock, while Section 83(b) relates to the tax treatment of property transferred in connection with the performance of services. Section 162 pertains to business expenses as deductions for tax purposes.

Restricted Stock Is Nontransferable and Must Be Traded in Compliance