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Subject:
State Tax on long term stock sales, AMT tax.
Category: Business and Money Asked by: vijb-ga List Price: $10.00 |
Posted:
10 Aug 2003 14:04 PDT
Expires: 09 Sep 2003 14:04 PDT Question ID: 242249 |
If i bought stock options at the original offered strike price, do I have to deal with AMT tax when the strike price rises later on? If I hold stock for more than a year, what is the federal rate at which it gets taxed when it is sold? I've read both 15% and 20%, and differing reports based on whether stock is a capital asset. I'm confused! When selling stock held for more than a year, does California tax such a sale and at what rate? Would it be possible to move to a income-tax-free state like Washington then sell the stock? Do you have any tips for minimizing tax on sale of stocks? |
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