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> they still had to pay taxes on the $80 IPO price They will get capital losses. That's not perfect.
by paulddraper 2y ago
> they still had to pay taxes on the $80 IPO price
They will get capital losses.
That's not perfect.
- glenngillen 2y agoIt's really not. Let me know if you find any lenders that will let me pay off a mortgage with a capital loss. At least in the startup narrative that circulates on HN, most early employees at a company with that kind of IPO would hope to have a lottery like level of financial windfall. Now their upside is if they manage to get luck a second time they get to offset their winnings? :/
- paulddraper 2y ago> Let me know if you find any lenders that will let me pay off a mortgage with a capital loss. I don't. But the IRS will let you pay your taxes that way. It obviously depends how much equity vs income you're talking about.