Quote:
Originally Posted by 815C
About 10 years ago I was given some company stock as a bonus. At that time they took about 35% of the shares away to pay tax.
Now the company is being purchased by another company and all shareholders will have their shares purchased and liquidated. I'm being told than when this happens I will have to pay tax on this payout.
Seems I'm being taxed twice for these shares, once when they were given to me and now a second time when they are being sold.
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You’re probably getting taxed on capital gains, the amount of value the stock has gained since the grant was accepted.
EDIT: Ah, this has been answered of course. I think the long term gains start at 18 mos after grant acceptance.