“The "gift shares" will cost them about $70K federal tax and $0 to $20K state tax depending where they live. This is why they usually sell half or more to pay their taxes.”
So, since I haven’t been able to find an answer yet from googling, do they immediately have to write a check for that tax or can they wait till April 15 of next year? I guess if they have some inside information, like a buyout coming soon or another auction buyback it would make sense that they would take all the shares and profit from that info.
“As to you selling covered calls against your stock there is only one person to blame or be happy with....””
Gee, thanks for the condescension. Been selling covered calls and selling puts on this stock for years. Made more money doing that than what little I missed on this run. Most years it was the only way to make a return on this investment. You win some, you lose some. Don’t know that how I feel about it is anybody else’s business. I know there are a lot of long timers here yet and I’m happy they are seeing this finally starting to pay off for them.
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