Quote:
Originally Posted by John Mercier
Be happy it is in the US and your a US resident.
Polyclad used to be owned by Cookson, traded on the London Exchange in British Pounds. Determining the value of your ESOP wasn't overtly difficult... navigating the sale and taxation was a uniquely trying experience.
Company made the buy-in experience pleasant, and the cash-out was on our own.
I am still wondering how intricate the ROTH/Traditional IRA system will be as they play around with the rules each year.
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Small world! I worked for Cookson Electronics, which was owned by Cookson Group plc and owned Polyclad, from 2000 to 2003. I cashed out my Cookson options in 2004. I don't remember a particular tax issue. Hopefully I did it correctly!