Bad Brad received 20 NQOs (each option gives him the right to purchase 30 shares of stock for $10 per share)from his employer.At the time he started working the stock price was $11 per share.Now that the share price is $25 per share,he exercises all of the options.Two years later Bad Brad sells the stock for $27 per share,what is Bad Brad's basis in his stock for purposes of calculating the gain or loss?

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The Answer of Bad Brad received 20 NQOs (each option gives him the right to purchase 30 shares of stock for $10 per share)from his employer.At the time he started working the stock price was $11 per share.Now that the share price is $25 per share,he exercises all of the options.Two years later Bad Brad sells the stock for $27 per share,what is Bad Brad's basis in his stock for purposes of calculating the gain or loss?

Bad Brad Received 20 NQOs (Each Option Gives Him the Right