TLDR: concerned I’m underpaying taxes on $35k of Pre-IPO stocks
I use to work at Doordash pre-IPO, I sold all my stocks as soon as I could. It came out to a total of $35k. I set aside almost 9k (25%) for taxes. But now I’m concerned, because I entered my Charles Schwab doc into turbo tax and apparently I only owe like 3k (federal) on them 🤯 does that seem right? I obviously would rather pay 3k than something more but I’m very skeptical that it’s the correct amount. Also I did notice the majority of my stocks were marked at “long term” vs short term.
Also I’m using turbo tax because I procrastinated & can’t find a trusted CPA
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comments
So it make sense to me