Mr. Optos employer, a public company, issued options to him for 1,000 shares at a...
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Mr. Optos employer, a public company, issued options to him for 1,000 shares at a price of $13.25 per share, their FMV on that date. In June of 2018, he exercised the options when the shares were trading at $18.50. In December 2019 he sold the shares for $19.75 per share.
What is the effect of these transactions on his Net Income For Tax Purposes and Taxable Income?
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