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Financial Planning / Tax Strategies


Subject:  Re: Cash in on current Tax Rates Date:  11/12/2012  4:06 PM
Author:  SeniorCit Number:  116904 of 127753

You have a zero tax rate on capital gains until the $50,000 loss is used. Except for the $3,000 a year used against regular income, it is your choice of when to use the carry forward loss.

Thanks vkg,

As I noted in mt response to Phil, I plan to sit on the $50,000 carry over losses. I was thinking that by establishing a new cost basis at time of sale, I would protect my gains in Berkshire for many years to come. Dreamer that I am.

Thanks to all,
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