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Financial Planning / Tax Strategies


Subject:  Shorting Against the Box? Date:  12/7/1998  7:50 PM
Author:  retailguy Number:  6866 of 127613

I will be in the lowest tax bracket next year (back to being a student) from a higher bracket this year. I am getting more cautious on the market these days -- i hate this volatility -- but I want to take my long-term gains next year when they will be taxed at only 10% as opposed to 20% if possible. How can I lock in my gains at current prices but take the tax consequence next year? Do I simply short against the box? If so, how do i do it? Thanks for any ideas.
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