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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Rob LeVine who wrote (1605)12/14/1998 1:22:00 PM
From: Richard Forsythe  Respond to of 5810
 
Nice try, but it won't work.

Whatever you do, the taxes are payable upon exercise (yes, even if you wrote a check for the strike and held the stock). It's the way they work. Just sell 'em, pay the tax man, and buy some stock with the proceeds. Incentive Stock Options have the scope for buying and holding, but they are different from NQs.

Richard



To: Rob LeVine who wrote (1605)12/14/1998 4:07:00 PM
From: Shoot1st  Read Replies (1) | Respond to of 5810
 
At least wait till January ...You have a year or more to make up the tax.

Shoot


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