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Q: State Tax on long term stock sales, AMT tax. ( No Answer,   0 Comments )
Question  
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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