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Financial Planning / Tax Strategies
|Subject: Expense and income clumping||Date: 11/15/2012 9:40 PM|
|Author: NaggingFool||Number: 116924 of 122569|
We're planning a purchase for 2013 that will lead to a large (non-refundable) tax credit.
Also we got a chunk of one-time income in 2012.
So I'm trying to think of ways to clump expenses.
- Property taxes. Our city usually produces a bill before the year is over, so I can pay some of the 2013 expenses in 2012.
- Charitible contributions. Double up in 2012, skip them in 2013.
- We have a rental property. Is it legitimate to ask my tenants to pay for their December 2012 rent after the fact (so postponing that rent until 2013?)
= Ask employer if they can defer any bonuses until 2013.
- Sell stocks with losses in 2012, sell stocks with gains in 2013.
Any other suggestions?
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