Hello all,
Im semi retired....still do some real estate.
I own shares in a private california company (from stock options) that is being bought out Feb 2006. My question is if my gain will be taxed at a long term capital gain (at 5 -10% given my income?) or the much higher dreaded AMT?
Price paid at stock option excercise $700 (2.5 years ago)
Ive held the stock for 2.5years.
Cash out value of Stock in February 2006 $275,000
My income for 2006 for IRS purposes will be around $7000.....no deductions...no mortgage.
If anyone has any experience with this type of transaction...any feedback or recommendations would be appreciated.
Thanks !!
Im semi retired....still do some real estate.
I own shares in a private california company (from stock options) that is being bought out Feb 2006. My question is if my gain will be taxed at a long term capital gain (at 5 -10% given my income?) or the much higher dreaded AMT?
Price paid at stock option excercise $700 (2.5 years ago)
Ive held the stock for 2.5years.
Cash out value of Stock in February 2006 $275,000
My income for 2006 for IRS purposes will be around $7000.....no deductions...no mortgage.
If anyone has any experience with this type of transaction...any feedback or recommendations would be appreciated.
Thanks !!