8 posts tagged with tax and stock.
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Financial planner in the Bay Area & knotty tax problem I'm afraid of!

I'm looking for a fee-based financial planner in the Bay Area to help me figure out one simple problem, and one knottier one. I have about $10k in CDs, and I'd like to invest it in a slightly smarter, similarly low-risk way (probably index funds) that I can add to slowly and in (relatively) small increments. I'd probably also like to start a 401k. Unrelatedly, as a child I was gifted $3k in shares of a single bluechip stock that I've never touched, and it's accrued value gradually but steadily over several decades. Recently, talking to a wiser friend, she pointed out that I've never paid taxes on it! I'm not sure how to deal with that, but probably can't avoid it much longer! How money works is confounding to me; I come from a working class background and am good at saving, but not saving wisely. Anyway, I'm primarily looking for financial planner suggestions, but if you've dealt with related stock/tax issues please share your experience and advice! Throwaway: infernalsockpuppeteer@gmail.com if you'd prefer.
posted by anonymous on Oct 14, 2014 - 11 answers

Notice of Grant of Stock Option?

I've received a "notice of grant of stock option" from the company I work for, with a place for me to sign. [more inside]
posted by zeek321 on Feb 25, 2014 - 13 answers

In the unlikely event they don't get full-ride scholarships

I own a lot of shares in a company that has done very well on the market recently. So well in fact that if I sold it all now, I could divide the proceeds equally between my two kids and set them both up for college — something my parents couldn't do for me. However, my oldest child won't be ready for college for another 12 years. Is there any way to convert the stock shares into something less volatile than the market, without incurring capital gains tax? My kids both have 529 funds and I'd love to be able to move the stock there but I want to avoid the IRS as much as possible. Yes, I am naive and ignorant of the finer workings of finance, so please be gentle.
posted by Ratio on Oct 30, 2011 - 13 answers

You Can't Escheat Taxes

Recovered escheated stock in Massachusetts - how is it taxed? [more inside]
posted by plinth on Apr 12, 2010 - 1 answer

How to sell stock I got as a child?

When I was younger, my parents bought me several shares in Disney. I'd like to sell that stock now. What do I have to do to do so, and what taxes, etc. might I incur on it? [more inside]
posted by Mali on Jan 20, 2010 - 14 answers

Lesser of two tax burdens?

My partner and I need to pay off some debt, and unfortunately we need to dip into our retirement funds. Our tax accountant is on vacation and we can't find the answer to our question. We have two sources–either sell some stock or cash out a couple of short-term IRA CDs. Which is the lesser of two evils? [more inside]
posted by al_fresco on Dec 13, 2008 - 11 answers

Death and Taxes

[Tax/Stock Filter:] Employee Stock Purchase Plan advice especially in re: taxation [more inside]
posted by jckll on Dec 11, 2008 - 5 answers

Tax and Stock Options

I have exercised stock options and taken possession of a small number of shares. I have not sold anything, but am wondering how screwed I am, tax-wise. First, do I have to declare the value of the stock as "income" for the year that I acquired it? Second, if I should sell it, do I add the money I receive from that sale to my regular taxable income? Do I deduct the amount I paid in? Is the net difference subject to other taxes? Is this handle-able by an average person or do I need an accountant?
posted by scarabic on Jan 13, 2005 - 6 answers

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