Question
Please advise on the email you receive from Sue and addressing her questions below. Be certain to include estimates of the different after-tax outcomes she
Please advise on the email you receive from Sue and addressing her questions below. Be certain to include estimates of the different after-tax outcomes she is suggesting. Sue is a single taxpayer and not a tax expert and so your language should reflect her limited understanding of tax law and avoid technical jargon. Although Sue is your friend, she is also a client.
1. Is there any reason to wait and sell later?
2. If I dont sell, the price might go down (Trivia Master seems to be replacing Trivia Addiction as the hot new game). Im thinking the price might be as low as $220 by early next year.
Hello,
I cannot believe it is almost year end! Only a few days before its 2023.
As you recall, I was lucky enough to win big at the casino back on New Years Day earlier this year (thanks for celebrating with me). I took the $3,000 I won and bought 100 shares of stock in that cool new smartphone app company, TriviaAddiction. I just love playing that game. Anyway, the stock has done well, and I am thinking of selling before year end now that the price has reached $240 per share. Since you are my tax adviser, I thought Id ask a couple of questions:
My taxable income this year and next year is expected to be $38,500 (not including the stock sale). I think that puts me in the 12% tax bracket? Any suggestions on what I should do?
Thanks!
Sue
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