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re: Employee Stock Purchase Program
Posted on 8/9/16 at 10:27 am to Joshjrn
Posted on 8/9/16 at 10:27 am to Joshjrn
quote:Here is the best explanation I have seen.
The only way OP's description makes sense to me is if the *entire* share price is considered income if you sell within the first year, kind of as a trap door to keep the company from using the stock buy to back door payroll and save on taxes.
I haven't seen where the entire purchase price is treated as income - only the discount and capital gains.
1
Posted on 8/9/16 at 11:02 am to Spirit of Dunson
Yeah the entire purchase price isn't income, just what you profit off of it.
For OP, if your company is going under, I think the safest way to take advantage is to sell the day you get the stock. That way you get 11% return immediately. It seems fairly safe that way.
Or just avoid entirely. I'm in the same situation with my oil field company. 15% discount we offer.. I haven't sold yet because I'll lose a good bit of money, and I was hoping to strike it rich, but I don't really have faith in my company's financial situation right now. I should probably sell and just take what I can in case we announce bankruptcy.
For OP, if your company is going under, I think the safest way to take advantage is to sell the day you get the stock. That way you get 11% return immediately. It seems fairly safe that way.
Or just avoid entirely. I'm in the same situation with my oil field company. 15% discount we offer.. I haven't sold yet because I'll lose a good bit of money, and I was hoping to strike it rich, but I don't really have faith in my company's financial situation right now. I should probably sell and just take what I can in case we announce bankruptcy.
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