Peter received 4,000 shares of restricted stock in May, 2020…
Peter received 4,000 shares of restricted stock in May, 2020 when their value was $3 per share. The shares vest in May 2022 when their value is $8 per share. He sells the shares immediately on the vesting date. He is in the 30% tax bracket. His preferential rate is 15%.If Peter makes an 83(b) election what is his tax liability on the grant date and the vesting date?
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