To buy Twitter, Elon Musk just sold a ton of stock and made a boatload of money on the sale. But because of a US tax law quirk, Musk's stock sale could give him an enormous tax break.
Musk last month sold $8.5 billion worth of Tesla shares for more than 100 times what he paid for them . But the IRS doesn't care what Musk initially paid for the stock; it cares only what the shares were worth when he bought and sold them.Tesla's stock was going for more than $1,000 a share when Musk bought 22.9 million shares late last year, but by the time he sold the 9.6 million shares last week, the price had fallen, and he received only $883 a share, on average.
"Of course, you're going to sell the big basis shares first, and you're allowed to do so in the law," said Lee Sheppard, contributing editor of Tax Notes Federal.Tax law allows investors to pick and chose which shares they sell when they are disposing of only a portion of a holdings. And the tax experts agree that selling the shares Musk acquired through exercising options in the final two months of 2021 would be the most beneficial for his future tax bills.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Elon Musk plans to take Twitter public again in as little as three years: reportElon Musk plans to take Twitter public again in as little as three years of buying the social media company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
続きを読む »
WSJ News Exclusive | Elon Musk Said to Plan Taking Twitter Public Again LaterElon Musk said he plans to take Twitter public again within a few years of buying the social-media company, according to people familiar with the matter
続きを読む »
Elon Musk reveals who might have to pay to use Twitter | Digital TrendsAs prospective Twitter owner ElonMusk prepares to take the microblogging service in a new direction, users are keen to know what he plans to do with it.
続きを読む »
Elon Musk faces uphill battle to make Twitter more freeIf nothing else, ElonMusk’s tumultuous bid to make Twitter more open to free speech shows just how many are opposed to the concept in principle, writes Dr. J. Robert McClure III. 'When people tell you what they believe, we should believe them.'
続きを読む »
Elon Musk Says Businesses and Governments May Have to Pay to Use TwitterCasual users will continue to be able to use the social media platform for free, the tech billionaire said.
続きを読む »
Elon Musk changes Twitter profile picture to Bored Ape collageThe billionaire Tesla CEO appeared to change his Twitter avatar to a collage of multiple Bored Ape images.
続きを読む »