My Charles Schwab account requires us to sell our shares immediately to pay for taxes. Is FIFO generally the best way to go? When / why would I elect something different?
You have to pay taxes when the shares vest
This is terrible advice. RSU is like a cash bonus that is immediately used to buy company stock. It is always taxed as ordinary income. If your company gave you a cash bonus, would you use it to buy company stock? If no, then sell your RSUs when they vest.
I don’t get the question at all. Say you have three sets of RSUs from years 1,2 and 3 that vest on year 4. Each individual grant sells to cover, so what’s the difference between FIFO or LIFO?
Don’t seek legal, financial, or medical advice on Blind. You’re going to have a bad time.
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