SeanPizzle
Recycles dryer sheets
- Joined
- Apr 2, 2016
- Messages
- 73
This is a "first world problem" for sure. After being with some companies over last 25 years that I exercised now-worthless stock options, my current employer IPO'd during my tenure here and shares are worth 25 to 30x my strike price (plus a bunch of RSU).
While Iove logging into my etrade account to see the balance, the total when i am nearly fully vested next April will be about 40 to 45% of our NW. Frankly, it makes me quite uneasy. I know I need to sell and convert funds to my index funds.
As I understand, the first 80K in LT capital gains are taxed at 0%. So, that is my minimum amount to convert. The rest will be at 20% by my calculations. I think all LTCG will be taxed as ordinary income in CA by FTB.
Any tips or tricks I need to know? I have been buying and holding index funds for a while, zero experience in recognizing any capital gains in my taxable account.
Thanks in advance.
While Iove logging into my etrade account to see the balance, the total when i am nearly fully vested next April will be about 40 to 45% of our NW. Frankly, it makes me quite uneasy. I know I need to sell and convert funds to my index funds.
As I understand, the first 80K in LT capital gains are taxed at 0%. So, that is my minimum amount to convert. The rest will be at 20% by my calculations. I think all LTCG will be taxed as ordinary income in CA by FTB.
Any tips or tricks I need to know? I have been buying and holding index funds for a while, zero experience in recognizing any capital gains in my taxable account.
Thanks in advance.