My company offers ESPP with a 15% discount. However, after reading the article linked below it seems complicated to deal with the tax issues that stem from selling the stock. My plan would be to do the ESPP, sell the stock the day I receive it, then use that cash to buy into an index fund. The 15% discount sounds nice but wondering if its worthwhile since the 15% discount is taxed (making it much less than 15%) and then I'm taxed again when I sell it and have to deal with complex reporting when I file my taxes. Seems like a headache for a few bucks.
https://thefinancebuff.com/adjust-cost-basis-for-espp-sale-in-turbotax.html
Submitted August 02, 2021 at 10:08AM by valoremz https://ift.tt/3AfCBQT
