Stock VestingSubmitted by firstname.lastname@example.org on Thu, 03/30/2017 - 10:12
About half of my income right now comes in the form of stock that is vesting. This is resulting in high tax bills which must be paid in cash. To do so, I have to sell stock to cover the tax bill. What is the best way to enter this in the system? How would I enter the following scenario (fictitious numbers):
Sell 50,000 of existing stock (that is taxed as capital gains) to pay tax bill (from 2016).
Receive 100,000 of vesting stock that is taxed as ordinary income