Shares for extra money for house improvements

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Joe Ji works at TOP Consulting. He was granted 1,000 ISOs on TOP’s stock 2 years ago when the price per share was $10. The stock is now trading at $60 per share. You were thinking about selling your shares for extra money for house improvements. You are in the 25% marginal tax bracket. How does this affect your taxes?

Reference no: EM131628958

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