How much income or gain will he recognize on the sale

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Ted was named CFO of Company effective July 1, 2016. On that date the company made him an interest free loan in the amount of $500,000 on the condition he use it for purchasing 10,000 shares of company stock at $50 per share. Assume the market rate of interest is 6%. In 2016 Ted had $12000 net investment income (not counting investment interest expenses). Assume that he had other itemized deductions in excess of the standard deduction.

1. What will be the net effect on his taxable income of the interest free loan from the employer?

2. Net increase of $15,000

3. Net decrease of $15,000

4. Net increase of $3,000

5. No effect

6. If in 2017 Ted had net investment income of $32,000(not counting investment interest expense) How much will he be allowed to deduct ias investment interest?

7. Assume Ted sells half the company shares (5000) in 2018 for $75 per share. How much income or gain will he recognize on the sale?

Reference no: EM131560949

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