Timing of home purchase and stock sales.
Hi All,
I have a situation which I can use some advice. I've been working in PA for 6 months now and want to move my family down from NYC permanently. Also we like to purchase a place instead of renting. Now my question is relating to when should I sell stock options. What would be the best scenario to sell the stocks.
1. Sell now while still a resident of NYC then purchase home (state and city rate = ~ 10%).
2. Move down, change address, borrow money, purchase home and sell stock (prorated NY and PA ? )
3. Move down, rent short term, and sell stock and purchase house early next year? (PA & township tax (4.07%)
I guess my main question what is the best way to sell my stocks ( options and ESPP ~ 60k gain) taking into account moving to PA.
Thanks!