I have some stock and I’m trying to figure out how much to put away if I sell now even at short-term status.
E-trade shows a grant date FMV and a purchase date FMV. Which one do i look at for tax consideration? My grant date value is about half the purchase date, but it looks like expected gain/loss per share is based on the purchase date. So which is it?
FMV on purchase date is your regular income. Any gain/loss is relative to this base.
When you sell, the difference between proceeds and base is your capital gain (short-term if kept for less than a year, long-term otherwise).