theloneranger
Recycles dryer sheets
- Joined
- Dec 27, 2006
- Messages
- 154
I know this has come up before, but I cannot find it.
What is the term for the process whereby one can take advantage of a low stock basis when rolling over an ESOP?
Specifically, I have several hundred shares of stock in an ESOP plan with a basis of $7 per share and a current value of $35 per share. I need to get out of the company stock when I retire next year and minimize the tax consequences.
What is the term for the process whereby one can take advantage of a low stock basis when rolling over an ESOP?
Specifically, I have several hundred shares of stock in an ESOP plan with a basis of $7 per share and a current value of $35 per share. I need to get out of the company stock when I retire next year and minimize the tax consequences.