<I'm figuring 20% capital gains tax (the stock has been held for 24 months). So, we sell the stock. $1m - 20% = 800k (to invest). True?>If the stock is worth $1 million, you could even subtract the cost-basis from that and pay 20% tax on the difference. I forgot that it was in stock. I thunk someone just dropped the megabuck on him.
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