Jonah is offered 7000 NQO options on January 1 2021. They…
Jonah is offered 7000 NQO options on January 1 2021. They vest of January 1, 2024. The exercise price is $10 per share. On January 1, 2024 Jonah exercise all the options when the price is $17 per share. He holds the shares for 15 months and sells them for $20 per share. He is in the 28% bracket and his preferential rate is 15%. What is his tax liability on the exercise date and the date of the sale?