Lyft, Uber, pins, what is ur tax withhold rate for ur RSU shares. I recently learned if price drop, u have to pay additional for the tax if the withhold ratio is low. Say u sold 30% at IPO price 100, then u owe 10% at price 100 to IRS if ur tax rate is 40%. If after 6 moths, stock cut half, u actually have to sell 20% to cover the owned 10% tax to IRS. Is there any way to get around with it.
TOP 11 Comments
- Airbnb heyhaOPCapital loss is only 3k a year, if ending up losing 100k, there is a lot of years to get back
- Lyft AutomotoI had the exact same concern and asked our equity team a month ago. All they kept saying was, we will withhold only ~40% (fed+state+social+med) and that can’t be changed unless the vesting is over a million. I showed them the math and explained but they don’t seem to care.
You can talk to your professional tax consultant but I don’t think they can do any miracles.