I was wondering if there is way to report lesser if the stock falls after the vesting date. Since W2 reports the value on the vesting date and there is a limit on capital losses you could qualify, might end up paying more taxes that one should in this scenario.
I know some co-workers who have high 6 digit capital loss from vesting at IPO price of $17 and selling at low $11s. It'll be carrying over for awhile..
Damn! That just sucks. Hope there is an alternative
Lol no
Before carrying over, the losses do cancel out short term and long term gains, and then 3k(i think) after that each year. So if you have dividends or sold other stocks for profit then those gains will be cancelled out by your losses and you wont pay taxes on them Eg, say you had 10k in losses when you sold stock, you got 1k of dividends and you sold other stocks for 3k in profits. The 10k in losses will cancel out the 4k of gains and then another 3k in income and the remaining 3k you can carry over to next year
That’s life man, though you can carry over unclaimed loss yoy