@roalddahl14 , I just want to be sure that we are on the same page ---- You have to be in possession of the shares/equity for ONE year to be bale to take advantage of the Capital; gain tax -- not just the promissory note and /or vesting ( implying no restriction to dispose off the shares ). If that is true, then yes selling these in 2024 will attract capital gains tax when you file your return in 2025 If it is large sum then I would suggest that you pay-in some estimated tax in the quarter that you sell these equities. ( both for the federal and for the state ).
Hope this makes sense.
The paperwork you need for your records -- when did you buy the shares , at what total price, any commissions etc. and ditto for the sales side of the equation. Because this is foreign shares ( i.e. not listed in the USA) , you should get all these records from a broker in Singapore ( or from whom ever does these transactions for you ). IRS will not ask for these unless in an audit ( but you should be prepared. ). Also keep notes on exchange rates on the days of the transaction(s).
Is there more I can do for you ?
If you are satisfied with my answers please accept and/or upvote the answers.
Namaste ji
pk
