AdlerDriver
Can't even hold reserve!
- Joined
- Feb 10, 2005
- Posts
- 442
Anyone who got the UAUA stock last year and sold it have some gouge on how to deal with the sale for tax purposes?
They took a good chunk of mine and sold it to pay the taxes up front. So, I guess my questions are:
1 - what do you use as the "basis" for the stock. Since we were basically "given" the stock, do we count the whole thing as a gain and make the basis $0?
2 - just looking for some general advice if someone has already cracked the nut on this thing.
Spare me the "see your tax professional" caveats, it's not like I'm not going to sue "crackbaby" or whoever responds on FI.com when I get audited. Just looking to get some opinions of those who may have dealt with this already.
Thanks in advance.
They took a good chunk of mine and sold it to pay the taxes up front. So, I guess my questions are:
1 - what do you use as the "basis" for the stock. Since we were basically "given" the stock, do we count the whole thing as a gain and make the basis $0?
2 - just looking for some general advice if someone has already cracked the nut on this thing.
Spare me the "see your tax professional" caveats, it's not like I'm not going to sue "crackbaby" or whoever responds on FI.com when I get audited. Just looking to get some opinions of those who may have dealt with this already.
Thanks in advance.