My apologies if this is well-trodden territory, and for the extremely basic nature. Just want to make sure I'm fully understanding this.Hypotheticals for single unemployed 30-yo US taxpayer, 2013:earned income: $01099-DIV/INT income: $11,250(1) If I'm understanding the 0% scenario correctly, this person should absolutely try to harvest $25,000 in long-term capital gains (the $36,250 limit - $11,250 above). From a Federal taxation perspective anyway; let's ignore state-specific issues.(2) Is the $6,100 standard deduction in any way advantageous? In other words, can it be used to harvest an additional $6,100 in LT gains (either directly, or indirectly through reducing the 1099 income), or can it only be applied to earned income?(3) Is there a wash rule application to watch out for here? There's obviously no loss involved in the harvest, but it does serve to eliminate future taxation of the $25,000. So, if one were to sell, say, AAPL on Dec 27 and then repurchase AAPL on Jan 2 - essentially solely to reduce their basis - would this be disallowed?Thanks for any clarification!
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