On October 23,2017,McIntyre Sells 700 Shares of Stock at $26

Multiple Choice

On October 23,2017,McIntyre sells 700 shares of stock at $26 per share.McIntyre acquired the stock on June 1,2016,when he exercised his option to purchase the shares through his company's incentive stock option plan.The exercise price was $12 per share and the fair market value of the stock at the date of exercise was $16 per share.For 2017,McIntyre must report
​
Ordinary Capital
Income Gain

A) $-0- $7,000
B) $-0- $9,800
C) $9,800 $-0-
D) $2,800 $7,000