2010 is last year of the 0% long term capital gains tax rate for people in the 15% or less federal tax bracket. If you qualify you might want to sell and repurchase stocks with long term gains to establish a higher cost basis. Note; Wash sale rules do not apply for gains. You may still have to pay state taxes. You can only do for a limited amount of capital gains, just enough to get you up to the top of the 15% tax bracket. If you have any capital losses carried forward from prior years, you have to use these first to offset the gains. Greg
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