Lucky me, I get a hefty amount in SpaceX shares this year. Not so great: I gotta pay taxes on those things :/
I usually try to pay off the taxes in cash so I can get the full stock amount, but this time it’s $34k and that’s hard to come up with nowadays.
Should I take out a loan to pay for the taxes so I can get the full amount in shares, or should I allow the man to withhold some of my shares to pay for said taxes?
Is there something smarter I can do here? Thanks! #personalfinance #investments
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And OP can quickly pay down the loan and may not pay the whole lot of interest
Spacex isnt public yet, so how come that money is being taxed? 😳