Taxable difference selling ESPP in California?

Question

What is the taxable difference in selling my stocks purchased via ESPP now, or in two years in the state of California?

I'm sure there are many factors, and I am willing to look them up, so even a pointer at where I can get this information would be helpful.

The ESPP stock purchase just happened. I know that selling them now is considered a disqualifying disposition. I know that I must retain them for a period of two years.

I made something like 70% on top of my contributions, so it seems very wise for me to just sell it, and take the additional tax implications, but I am curious as to what the difference might be, if I hold it for the two year.

Answer 1

If you hold the stocks over 1 year, you receive the more favorable 15% Capital Gains rate on the gain for the Federal return.

If you sell them under 1 year, they are taxed at your normal rate (15%-33%).

As far as know, California (like other states) does not differenciate between short and long term. A gain is a gain and taxed like everything else.

Answer 2

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