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Can someone explain this AMT business for me? I left a startup and exercised all my Stock Options (the company is still private). The stock options were worth 10c when I joined, and when I left they were valued at 23c. I bought all the vested ones I had (65,000) for the original 10c, so I paid $6500. Now there is some sort of AMT thing people talk about, based on the difference (23c - 10c = 13c * 65,000 = $8,450) on my stocks which are of course worthless right now. Do I have to pay tax on that 8 grand I "made" by paying 6500? Pinkied_Brain fucked around with this message at 01:10 on Apr 12, 2011 |
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Apr 12, 2011 01:07
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| # ¿ Apr 29, 2024 02:22 |
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Crap, the only sentence I understood from your post is "might want to pay someone to do your taxes this year". I don't quite understand what "trigger" AMT means, but I guess I'll just follow the advice I understood. And yes, it is ISO.
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Apr 13, 2011 01:10
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So, my company is giving out RSUs (so basically stock) as compensation bonuses. And in the schwab website (through which they process it) there is an option of how to handle the stock awards, and the default option is "sell for taxes". I noticed that my first award of 25 stocks become just 14, as 11 of them were sold for taxes. Is there a better way for me to do this? Like would keeping the stocks for longer result in better tax rates somehow or is this something that I just have to pay no matter what just like my salary?
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Apr 27, 2011 21:35
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