Hi all,
Brand new to the forum. Here's my question, hopefully the discussion will have value to others here as well:
I have 20k NSO's expiring May 15. Given the current fair market value, the gain is ~$400k, so if I exercise, I will owe ~$150k in taxes. I am not an employee of the company. I'm a consultant. Therefore, my understanding is I cannot take an 83(i) election. Also, the company is private, so at this point in time I am unable to sell any shares to help pay down the tax burden. Does anyone here know of other ways to mitigate the tax hit? Are there creative ideas I am overlooking?
Thanks
Gregabi