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E*TRADE tax payable?

ION08 · 2014-07-07 09:02:22

Hi Guys, I have some Restricted Stock Units which are due to vest soon. This will be my first time trading and am wondering how much tax would be payable on a withdrawal? From what I've hear, you can pretty much expect the figure to be divided in half by the time it hits your bank account. Is this true? thanks

07-07-2014 9:02am

#1

ION08

Registered Users, Registered Users 2 Posts: 2,525 ✭✭✭

Join Date: August 2008

Posts: 2356

Hi Guys,

I have some Restricted Stock Units which are due to vest soon.

This will be my first time trading and am wondering how much tax would be payable on a withdrawal?

From what I've hear, you can pretty much expect the figure to be divided in half by the time it hits your bank account. Is this true?

thanks

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Comments

#2 07-07-2014 11:15am

Bacchus

Registered Users, Registered Users 2 Posts: 4,719 ✭✭✭

Join Date: February 2003

Posts: 4592

Hey, had a similar situation recently. From my experience (no idea if it relates to your scenario) say you have 100 RSUs due, when they vest, you get ~50 of them. So your tax is all paid up on the 50 RSUs you get in your E-Trade account. Of course, you then have capital gains tax as normal if they increase in value.

0