The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Taking a Long Term Capital Gain||Date: 12/11/2007 1:05 PM|
|Author: TMFPMarti||Number: 97173 of 125220|
The top of the MFJ 15% tax bracket for 2008 is $61K right?
So, I can minimize our income to stay under that and any other needs cover by selling some long term positions and taking the capital gains. Is there any limit on the amount of capital gains I can take at 0%?
Yes. The top of the 15% bracket. Remember that your LTCG add to taxable income even though there's a special calculation method of the actual tax.
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