| Urgent help desiding how to pay taxes in stocks!!!! |
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drg
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please if anyone knows or can recomend any of these methods to choose, please help me out! .Cash Transfer – By the vesting date, you need to deposit the estimated tax payment (see above) into your E*Trade account and that money will be used to pay the taxes.This will leave the total number of vested shares in your E*Trade account for you to hold onto or sell later. 2.Same-Day Sale – This option will sell all of your shares that have vested.From the proceeds of the sale, the taxes and E*Trade fees will be removed, and the remaining cash amount will be deposited into your E*Trade account. 3.Withhold Shares – The Company will buy the necessary shares from you to cover your tax withholdings.The remaining shares will be deposited in your E*Trade account for you to hold onto or sell later.Currently, your tax payment option is set to Withhold Shares.If you are okay with this option, you do not need to change anything.If you are interested in a different option, you will need to log into your E*Trade account to make the change. 4.Swap Shares – You relinquish shares that you already own to the Company to cover the tax payment, and the total number of vested shares will be deposited into your account.
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Star
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One very common method used quite often is 3. That way you do not have any out of pocket expense associated with acquiring the shares.
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