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Yes you can sell the share if you own it, but you won't be getting $43 for free. Assume you get 1 share of T-mobile stock currently valued at $43.11 and you wan
by TheBiv 10y ago
Yes you can sell the share if you own it, but you won't be getting $43 for free. Assume you get 1 share of T-mobile stock currently valued at $43.11 and you want to sell the stock.
Since you did not hold this stock for more than 1 year, you will be taxed at regular income so if we assume a 30% tax, then you will be left with $30.18.
[1] As the nandhp points out below, T-Mobile is issuing these shares exclusively through LOYAL3 and selling your share within 1 year will be fee-free.
- nandhp 10y agoAccording to T-Mobile there's no fees (for the first year): > It costs nothing to get your shares or set up an account with T-Mobile’s brokerage partner, LOYAL3, and there are absolutely no fees to get or sell your share this year – and no fee to maintain your account as long as you’re an active customer. https://newsroom.t-mobile.com/news-and-blogs/un-carrier-11.htm https://newsroom.t-mobile.com/news-and-blogs/un-carrier-11.h... There's more details in the prospectus: > No charge for sales of Shares within 12 months after receipt. Beginning 12 months after you receive your last Stock Up Reward, LOYAL3 may impose a sales charge of up to $5.00 per transaction https://d1mfhr91ibccjl.cloudfront.net/docs/statler/prospectus.pdf https://d1mfhr91ibccjl.cloudfront.net/docs/statler/prospectu... Taxes, of course, are inescapable.
- TheBiv 10y agoAh, interesting! Thank you for sharing!