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I am a W-2 Employee for a software company "privately held" My question is: There is a chance I will receive millions of dollars on the sale of the company. My shares would be allocated prior to the sale. I am just wondering if there is anything I can do from a tax perspective?
I believe I will be given shares prior to sale and those immediately converted to cash. What would be better and why?
Thanks so much for the answer, and I did rate you as excellent. I left out one important factor. I will not receive the stock until shortly before the sale, which I assume, screws me on the tax situation. This would be short term gain instead of long term gain since it is under 3 years?
What would that look like and any suggestions??
Can you tell me the exact taxes for fed/state then? Please thanks.
Last question for now., and I will be tipping.
How soon do I have to create a new "residence" address in a new state to be legal?
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