Wednesday, February 19, 2020: $323.62 +$4.62 +1.45% Feb 24, 2020 1:05:38 GMT -5
Post by 4aapl on Feb 24, 2020 1:05:38 GMT -5
You didn't have to deliver THOSE shares! You could have simply purchased other ones and delivered them instead (with minimal immediate tax consequences). That's exactly what I did a few years ago when I was assigned.
As long as you're on the ball and do it the same day. I think I didn't notice my sale until the next day.
But, it's not bad to pay some taxes, on at least part of your shares. While I may hold some shares forever, and thus get the nice stepped up basis for my heirs, I hopefully still have quite a few decades until that time. A lot can change in that timeframe, including tax rates and end-of-life rules, in addition to the viability of AAPL.
Paying some taxes now gives a stepped up basis, thus making it a little easier to sell off shares if that is the right thing to do. But that's a whole different kettle, including not to let taxes wag the dog.
Good luck out there.