The Soapbox

Joined: 08/14/1998 Posts: 6114
Likes: 5244

What's this?

He already paid taxes when he exercised his options

at 6.25 earlier in the year by selling 10 to 11 million stocks to cover the taxes. the stock was at 1000

IRS will let him get a tax break when he sells at 800 because there is some tax rule that shows him to do so as he is the CEO that allows him to claim the basis is 1000 and not 6.25.....

from what i read it is a very common practice.....

(In response to this post by BocaHoo91)

Posted: 05/07/2022 at 08:54AM

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