1. Business
  2. Finance
  3. complete the problems listed below relating to biosci corp for...

Question: complete the problems listed below relating to biosci corp for...

Question details

Complete the problems listed below relating to BIO-SCI Corp for its employee, Jone Lee. For each event of each problem, indicate if this is a taxable event, amount of taxable income and character of the income. Also indicate the starting date for the holding period of the underlying stock. (Note: Ignore AMT for all problems)

1. BIO-SCI issued Stock (without any restrictions) to Jone as follows:

a. July 1, 2013 - Granted 200,000 shares (FMV = $10/share). 


b. October 20, 2015 – Sold 50,000 shares of stock (Proceeds = 
$21/share) 


Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution