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Topic	Stock Topic 25
red sox 777 03/14/21 2:43:11 PM #45:	Sunroof posted... What does it matter if the stock fell, if they already sold to have made their gains in the first place? The problem was they didn't sell. Their shares that they earned from working as employees vested.....and became taxable ordinary income (not capital gains) based on the price as of the IPO date. You can only offset $3,000 a year of ordinary income with capital losses, so selling for a big loss at the end of the year doesn't let you offset much of the earlier "earned" income. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:951702802] in Stock Topi... [t:79347192]...</cite> <quote>Sunroof posted... </cite> <quote>What does it matter if the stock fell, if they already sold to have made their gains in the first place?</quote> The problem was they didn't sell. Their shares that they earned from working as employees vested.....and became taxable ordinary income (not capital gains) based on the price as of the IPO date. You can only offset $3,000 a year of ordinary income with capital losses, so selling for a big loss at the end of the year doesn't let you offset much of the earlier "earned" income. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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