topic sale of shares in Other financial discussions

sale of shares

aj971 — Thu, 27 Jun 2019 01:01:36 GMT

I am in between careers at the moment and need to sell some of my shares to cover living expenses. I would like to know how much I should put aside to cover the taxation of the sale at the end of the year. Any assistance would be much appreciated.

Re: sale of shares

VolvoGirl — Thu, 27 Jun 2019 01:04:38 GMT

Are the shares in a personal account or in some retirement account like a IRA or 401K?

Re: sale of shares

aj971 — Thu, 27 Jun 2019 01:12:34 GMT

They are in an employee stock purchase plan with E-Trade

Re: sale of shares

aj971 — Thu, 27 Jun 2019 01:21:35 GMT

I have 2 purchases in 2017 of 7 and 6 shares respectively and will be holding onto the 2 purchases of shares I had in 2018 (of 6 and 6) to avoid early withdrawal penalties (I believe). I have never sold shares before and am trying to be ahead of the game come tax time next year.

Re: sale of shares

aj971 — Sat, 29 Jun 2019 23:59:54 GMT

They are in an Employee stock purchase plan with E-trade. I have 2 purchases in 2017 of 7 and 6 shares respectively and will be holding onto the 2 purchases of shares I had in 2018 (of 6 and 6) to avoid early withdrawal penalties (I believe). I have never sold shares before and am trying to be ahead of the game come tax time next year.