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VT Pops

Joined: 01/05/2001 Posts: 11090
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Investment/tax question


If I have company stock from LTI that is taxed upon vesting and I later sell it below the cost basis...is that a loss that can offset income tax liability for the year it’s sold?

e.g. I get 1000 share thru LTI. Upon vesting, 750 shares deposited into investment account (250 shares cover tax). Cost basis is $50/share and I sell for $40/share.

Posted: 08/07/2020 at 3:09PM


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Current Thread:
 
  Investment/tax question -- VT Pops 08/07/2020 3:09PM
  Yes. Your basis is the price it vested at. ** -- GreenvilleVT 08/07/2020 6:28PM
  Not an expert on this, but that's my understanding -- jmanatVT 08/07/2020 3:31PM

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