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Should I invest in stock?
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<blockquote data-quote="satellitedriver" data-source="post: 814202" data-attributes="member: 1664"><p><strong><span style="color: darkgreen">Yes, you were correct about the them being bought with after tax money.</span></strong></p><p><strong><span style="color: darkgreen">You may have sold before the IPO, but that was a different taxable event that was governed by the one year hold rule between earned income and capital gain.</span></strong></p><p><strong><span style="color: darkgreen">The only point I was making is that you were wrong stating that selling DESSP stock is only taxable at capital gain rates.</span></strong></p><p><strong><span style="color: darkgreen">The IRS has very definite rules on the sales of DESSP stocks.</span></strong></p><p><strong><span style="color: darkgreen">The discount rate is taxed at normal earned income rates and any gain is taxed at capital gain rates.</span></strong></p><p><strong><span style="color: darkgreen">I also have bought and sold over 100K of UPS stock, both in the open market, after the IPO, and through the DESSP program.</span></strong></p><p><strong><span style="color: darkgreen">Since I do my own taxes, I am intimately familiar with the accounting of blocks of shares that were bought in separate quarters.</span></strong></p><p><strong><span style="color: darkgreen">It is kind of a pain separating the wheat from the chaff, when filling out tax forms selling DESSP stock. </span></strong></p><p><strong><span style="color: darkgreen">The two year hold has nothing to do with tax implications, besides the IRS's one year hold rule.</span></strong></p><p><strong><span style="color: darkgreen">The hold was put into place, by UPS, because smart people were selling at the end of every quarter banking the 10% discount. </span></strong></p><p><strong><span style="color: darkgreen"></span></strong></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 814202, member: 1664"] [B][COLOR=darkgreen]Yes, you were correct about the them being bought with after tax money. You may have sold before the IPO, but that was a different taxable event that was governed by the one year hold rule between earned income and capital gain. The only point I was making is that you were wrong stating that selling DESSP stock is only taxable at capital gain rates. The IRS has very definite rules on the sales of DESSP stocks. The discount rate is taxed at normal earned income rates and any gain is taxed at capital gain rates. I also have bought and sold over 100K of UPS stock, both in the open market, after the IPO, and through the DESSP program. Since I do my own taxes, I am intimately familiar with the accounting of blocks of shares that were bought in separate quarters. It is kind of a pain separating the wheat from the chaff, when filling out tax forms selling DESSP stock. The two year hold has nothing to do with tax implications, besides the IRS's one year hold rule. The hold was put into place, by UPS, because smart people were selling at the end of every quarter banking the 10% discount. [/COLOR][/B] [/QUOTE]
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