The company I work for got sold and I will be receiving high equity as income. Are there any steps I can take to minimizing my tax burden?

I own options in a company that sold and I'll be receiving around 1 million dollars as ordinary income. I live in Northern California. What steps can I take to minimize the income tax I pay? Can I create a business to get huge loss to offset the gain?

Submitted February 26, 2021 at 08:23PM by Impressive_Ad_4640 https://ift.tt/37SgqEr