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Financial Planning / Tax Strategies


Subject:  Capital Gains Question Date:  4/24/2013  11:03 AM
Author:  busterjde Number:  118481 of 127611

Hey everyone,

Quick tax question for you. This year I'm going to start making officer money so my income is going to go up drastically, but only for half the year, which means I should still be in the 15% tax bracket. Next year I will be in the 25% bracket b/c I will be getting paid for a full year.

My question is should I lock in all my long-term gains this year? From what I've read they will be taxed at a 0% rate b/c of my income bracket, so it's basically just a free way for me to lock in gains and then reallocate the funds (I've gotten a bit heavy in one stock that's done quite well for me) right?

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