4 ms·
My experience has been that options have negative value. I learned this the hard way when I exercised options from a firm that has since gone sideways. I ended
by rpmcmurphy 10y ago
My experience has been that options have negative value. I learned this the hard way when I exercised options from a firm that has since gone sideways. I ended up with a $40,000 tax bill on stock that is worthless.
Nowadays I only look at companies that can offer RSUs. Until the re-write the tax code to stop taxing people on fictional gains, options are crap, especially with companies remaining private far longer than you are likely to remain working there.
- mateo411 10y agoCan you write off the $40,000 loss?
- rpmcmurphy 10y agoI can apply it against future gains, but its complicated. Since I was never able to sell the stock, the gain is entirely fictional, which is why ISOs suck so badly.