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Subject:  Expense and income clumping Date:  11/15/2012  9:40 PM
Author:  NaggingFool Number:  116924 of 132557

We're planning a purchase for 2013 that will lead to a large (non-refundable) tax credit.

Also we got a chunk of one-time income in 2012.

So I'm trying to think of ways to clump expenses.

- Property taxes. Our city usually produces a bill before the year is over, so I can pay some of the 2013 expenses in 2012.

- Charitible contributions. Double up in 2012, skip them in 2013.

- We have a rental property. Is it legitimate to ask my tenants to pay for their December 2012 rent after the fact (so postponing that rent until 2013?)

= Ask employer if they can defer any bonuses until 2013.

- Sell stocks with losses in 2012, sell stocks with gains in 2013.

Any other suggestions?
- Megan
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