The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/thanks-vkg-the-gains-are-realized-and-the-taxes-30407556.aspx

Subject:  Re: selling losers in the face of tax increase? Date:  11/30/2012  4:48 PM
Author:  ecm3131 Number:  117025 of 121114

Thanks VKG

The gains are realized and the taxes are going to happen unless I sell the losers, and I can pretty much eliminate the gains with the losers.

My choice is that doing so would create a larger "future" gain assuming I buy the losers back next year (after the wash rule requirement) and the CG rate will certainly be higher, or just pay the gain now (on the winners) at the lower rate.

One person told me to "fight the fire you're, not the one that might break out next week". I should lower my current taxes because the losers I sell might sell may never come back and I should not assume they will, thus I would be planning for an event that would be less likely to happen than the certainty of the current tax if I do nothing.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us