When to Sell Stock - Tilted Forum Project Discussion Community

kurty[B] · 07-16-2004, 07:42 PM

I bought a nice little chunk of stock with a company that I used to work for with their Employee Stock Purchase Program.

I was curious as to the taxes involved if I sell it within the year? What taxes would I expect there, and what taxes would I expect after having it for a year?

gar1976 · 07-17-2004, 08:21 AM

Quote:

Originally posted by kurty[B]
I bought a nice little chunk of stock with a company that I used to work for with their Employee Stock Purchase Program.

I was curious as to the taxes involved if I sell it within the year? What taxes would I expect there, and what taxes would I expect after having it for a year?

IIRC, hold it for at least a year to qualify for long-term cap gain rates. Sounds like it was NOT an non-qual/incentive SO program but simply an SPP.

Most of the time, the info will show up on your year-end W-2 and related statements showing basis and gains.

If you sell it within one year, any gains will be taxed at your orginary income tax rate. Long-term is either 5/15% taxes (federal), depending on your income tax bracket.

kurty[B] · 07-19-2004, 05:12 PM

thanks that's exactly the info I needed to know!

07-16-2004, 07:42 PM	#1 (permalink)
kurty[B] Sauce Puppet	When to Sell Stock I bought a nice little chunk of stock with a company that I used to work for with their Employee Stock Purchase Program. I was curious as to the taxes involved if I sell it within the year? What taxes would I expect there, and what taxes would I expect after having it for a year?

07-19-2004, 05:12 PM	#3 (permalink)
kurty[B] Sauce Puppet	thanks that's exactly the info I needed to know!