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Subject:  Re: retire early study Date:  2/11/2000  9:53 PM
Author:  eugenecowan Number:  3734 of 876383

HOWEVER... I should have specified earlier, most of the stock I'm concerned about is
already-excercised ISO options, for which I've already paid CA AMT. But the AMT basis is still much lower than the current
market value and I'm looking to minimize taxes when I do ultimately sell. The CA tax savings would not be insignificant.

Since you have already exercised your ISOs and now hold the stock, you need only hold the stock for the requisite holding period and will obtain capital gain treatment when you sell. You just need to sell when you no longer are living in CA. Preferably you might wait to sell until have the last taxable year you file in CA.

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