Regular tax earnings

[tomberdan]

Hello,

I had the good fortune this year of having some vested stock appreciation rights converted and sell this year.  I was taxed at the ordinary income tax rates as my total income from the SARs was over $500k.  I have no debt and for the past several years, can only take the standard deductions on our taxes (as we are married filing jointly, my wife retired with only SSA income).  I am over 60 and funded my 401k for the maximum for this year.  

Is there anything else I could do to minimize the taxes before year end?

Thanks,

Tom

[melj1]

You have paid taxes on the income of the stock rights and therefore the only additional tax you may owe is the gain or loss on the sale of the stock. Your basis is the SARs income you have already reported. Frequently the stock has not moved that much so, not much additional tax. Here is a link that may be of further help.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/need-enter-es...