Do I get a tax break from short term gains if I exercise my stock options and place it towards a down payment?

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2007-08-15 17:09:55 · 4 answers · asked by shilpa shroff 1 in Business & Finance ➔ Taxes ➔ United States

No stock options are taxed as taxed as short term gains, you can use it for whatever you like but you won't get any tax break.

2007-08-15 17:19:19 · answer #1 · answered by Anonymous · 1⤊ 0⤋

The only remote chance would be if you used it for purchasing a house and it seems unlikely to me even then. Ask the IRS.

2007-08-15 17:16:13 · answer #2 · answered by Mike1942f 7 · 0⤊ 0⤋

No.

The only way to reduce your taxes on this transaction would be to give it away to a qualified charity.

2007-08-16 01:47:51 · answer #3 · answered by Wayne Z 7 · 1⤊ 0⤋

Nope!

2007-08-15 17:45:01 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 0⤋