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Tax on buying and selling pre IPO stocks from US website.

dcenrie · 2021-01-23 12:46:25

Hello guys, I am thinking of buying the pre-IPO stocks from some companies from Forge Global. It is a US website. Does anyone has experience how the tax works if I will sell them one day when they are IPO? Is it the same tax as selling normal stocks? Will it involve double tax issue? Many thanks in advance.

23-01-2021 12:46pm

#1

dcenrie

Registered Users, Registered Users 2 Posts: 27 ✭

Join Date: June 2009

Posts: 15

Hello guys,

I am thinking of buying the pre-IPO stocks from some companies from Forge Global. It is a US website.

Does anyone has experience how the tax works if I will sell them one day when they are IPO? Is it the same tax as selling normal stocks? Will it involve double tax issue?

Many thanks in advance.

0

Comments

#2 23-01-2021 3:24pm

Tow

Registered Users, Registered Users 2 Posts: 9,223 ✭✭✭

Join Date: July 2005

Posts: 9097

No difference, you will be taxed on the gain between buying and selling. But unless doing it on a large scale the hassle of dealing with the IRS will probably not be worth it.

When is the money (including lost growth) Michael Noonan took in the Pension Levy going to be paid back?

0