Solution-What is the amount of tom income or loss on the

What is the amount of tom income or loss on the sale

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Question - Tom recently received 2,000 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale?

Reference no: EM132190805

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What is the amount of tom income or loss on the sale

Reference no: EM132190805

Reference no: EM132190805

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