I have a question: I am receiving stock (not options) in a publicly traded company for part of my compensation in a project. I believe that is considered by the SEC to be restricted stock, so to sell it I will need to follow Rule 144.<p>However, as I understand it, from the perspective of the IRS, it is no restricted as it is an outright stock grant with no vesting or other such provisions.<p>So, given the above, let me lay out a scenario:<p>I earn 100 shares of the stock at a rate of $1/share. On the day that I invoice for this stock, it is worth $1.50/share. After six months, when I am able to sell the stock, I sell it at $2/share.<p>As best I understand it, under section 83(a), I have to report the full $1.50 as income on the day I receive it. Section 83(b) does not apply as it is not restricted stock from the perspective of the IRS. As such, when I sell the stock at $2, it is taxed as capital gains.<p>Is my understanding correct?