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I've seen something similar to this in other responses in this thread, how exactly does one get a big tax bill for your stock options while simultaneously not b
by DanTheManPR 7y ago
I've seen something similar to this in other responses in this thread, how exactly does one get a big tax bill for your stock options while simultaneously not being able to pay them off? I'm not understanding something about the situation.
- ben7799 7y agoI mentioned it in my post.. a lot of financial people recommended taking loans to buy stock options. Also in some cases especially with public companies they gifted you the options as income. That got marked as income even if the stock then tanked and you couldn't sell the stock for what the gifted value was. There were various ways to get yourself screwed up.
- testfoobar 7y agoTaxes on equity and option grants are complex beasts [ISO/NSO/RSU, Conversions between ISOs to NSOs, Income vs. Cap Gains, AMT, 83(b) elections, Exercised vs Non-exercised, Vesting schedules, etc]. Unless you personally understand the nuances in everyone of these cases, you should 100% work with a tax professional (and if you do understand, you are probably a tax professional!). Here is an earlier discussion on taxes on options: https://news.ycombinator.com/item?id=10020063 https://news.ycombinator.com/item?id=10020063