The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Going Public on the stock exchange||Date: 6/27/2006 8:24 AM|
|Author: wrjohnston91283||Number: 87573 of 121095|
Heres the question: If I sell my stocks right away I'm taxed at my current tax rate or 15% since I had ownership in the company for over 3 years.
Second question: Is there anyway to reinvest the profits with out having to pay taxes now?
If you sell the stocks right away, your holding period (and tax basis) will be since you owned the private company, so you do get the lower rate.
I'm not sure of any way to get around the taxes...you can't do 1031 exchanges with stock.
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