Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Roy, I'm trying to decide on a game plan for 99' and I was wondering if you could help. Here's my situation:

Our income this year, depending on our short term capital gains between my wife and I will be anywhere between $40,000 and $150,000. All of our portfolio consists of one stock that has appreciated to the point where 95% of what we sell will be a long term capital gain.

I really need to diversify our port and I'm thinking of putting a rein on the short term trading this year and keeping our income below $42,000 so I only have to pay a 15% long term capital gain on the stock I sell. I'm looking to sell somewhere between 100k-250K worth.

If I do this, will I pay 15% on any, some, or all I sell?


Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.