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Author: VlLPastor Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: options Date: 9/19/1997 4:53 PM
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A couple of years ago, I was given some options, non-qualified I believe it is called. The
stock at the time was $19 and is currently around $30. When I buy the stock, I will have
to pay taxes on the difference between the $19 and the $30.
a. Are the taxes I pay income or capital gains? Is there any way to pay 20% instead
of 28%?
b. After the stock is bought and the taxes are paid will the $30 price be my new
base price?
c. Will I then have to wait 18 months and a day to sell the stock and pay 20%
capital gains?


If this has already been discussed, just point me to the relevant message.

Thanks for your time and attention.

Valerie
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