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Tech Industry
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Hi friends at Lyft, how is your tax situation this year? Do you also have to file quarterly estimated tax?
No taxes owed. It will go to 0 by the time lock up ends.
Actually it would be a crap ton of taxes if that scenario happens. You pay the tax based on today's IPO event. If it goes to 0 you still owe the tax.
Tax will be based on when the lock up period expires and they get the stock.
I’m looking for an answer from a LYFT employee, not trollers
Don’t they only owe tax when it’s sold?
I think it should be on vest date , not sure if IPO event date also adds to some calculation
No taxes owed. It will go to 0 by the time lock up ends.
Actually it would be a crap ton of taxes if that scenario happens. You pay the tax based on today's IPO event. If it goes to 0 you still owe the tax.
Tax will be based on when the lock up period expires and they get the stock.