Selling RSUs to pay taxes - turns out we have a huge tax bill this filing season. So looking to sell RSUs to get some liquidity. Do ppl typically sell on Morgan Stanley or transfer to a different platform for lower fees? Also is it better to sell latest vests to minimize in year tax liability or do fifo? (New to rsu type earnings so looking to learn)

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I would check your dependents and stuff. You are clearly underpaying your taxes throughout the year if you're are hit with a large tax bill.

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Good advice. Ideally your taxes should basically wash - you don’t owe much and you don’t get much back - so if this isn’t happening and it’s not due to some one time discrepancy it’s worth looking at your withholding settings and changing them. A tax accountant can help you assess your settings and tune them to your particular household.

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Do you have a financial advisor or CPA? If so ask them for the best course of action so you can hopefully take advantage of tax harvesting. Worst case the IRS will work with you on a payment plan for taxes under $50K, which I personally think is optimal

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Also remember that if your company doesn’t withhold taxes on the RSUs when they vest you pay taxes on the full value of the stock you sell. If they do, you’ll still owe taxes on any profit you realize.

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FIFO is better - if you sell last in you’re likely to pay short term tax rates versus long term. And short term is higher.

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