I have been with my company 1 month shy of 4 years and am likely to leave for a new role just prior to my last month of stock options vesting. We use Carta.
When I joined the company the strike price was $0.75 and now the FMV is over $20 leaving me with an estimated AMT of over $50K… my company is private and talks of getting acquired have essentially died given the economy and no new info on when we would get bought out and I doubt we would go public.
I’m definitely not in a position to pay that much in taxes. Is AMT due when you file taxes?
Given the huge difference between the initial strike price and the current FMV, would I be crazy to leave this potential gain on the table? I just don’t see the company’s value dropping back down but I also don’t really get how FMV is calculated. What can I do about the massive projected AMT bill?
Need advice please.
Submitted August 28, 2024 at 12:59AM by heartstrutter https://ift.tt/mE4qTVF
