The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Taxes on Investing Profits||Date: 7/30/2011 11:59 AM|
|Author: JohnEBgood||Number: 113821 of 121061|
I'm in the process of readjusting my taxable portfolio. It is about 51 percent equities, and I'd like to bring that down to about 40%.
The problem is that all of the positions show big gains. OK...they are long-term, but I'm afraid that sales will leave me with a big income tax bill next year.
In the past, I've offset gains with losses. What other strategies could I use?
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