Distribution from a qualified stock bonus plan

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1. Calvin sells stock several years after he received it as a distribution from a qualified stock bonus plan. When the stock was distributed, he has a new unrealized appreciation of $7,500. Calvin also had ordinary income from the distribution of $29,000. The fair market value of the stock and the sales price at the time of sale was $81,000. How much of the sales price will be subject to long term capital gain treatment?

2. Davin sells stock 6 months after he received it as a distribution from a qualified stock bonus plan. When the stock was distributed, he had a new unrealized appreciation of $7,500. He also had an ordinary income from the distribution of $29,000. The fair value of the stock at the time of sale was $81,000. How much of the sale price will be subject to long term capital gain treatment?

Reference no: EM13987969

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