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Deductions & credits
@roalddahl14 , an exercise of the warrant ( i.e. paying monies to acquire the shares ) does not in itself become a taxable event -- it only sets the basis ( out-of-pocket cost ) for the shares acquired. When you dispose off the shares ( i.e. en-cash ) then you have taxable income -- ca[pital gain if you have held the shares for more than 365 days ( one year ).. And of course if you are still a resident of this country then you pay taxes to the IRS ( under its rules ).
Does this make sense ?
‎July 23, 2024
11:00 AM