Many years ago, MegaCorp gave me xxx shares of company stock via company ESOP plan. It's been sitting in an account for a long time and the company stock has done nothing but go down. A few days ago I sold all my shares, and received the payment. Now I'm wondering about taxes. None were withheld. I will get a 1099B later but do I need to worry about estimated tax now? what is my basis based on, when the stock was issued, or is it taxed like a tax deferred account where none of that matters except how much I netted when I sold it?
Any input is appreciated.
Any input is appreciated.