The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Locking in tax-free cap gains Date:  3/21/2013  11:26 PM
Author:  DN549 Number:  118107 of 128040

I am in the 15% income tax bracket and thus have a long-term capital gains tax rate of 0%.

I want to sell a stock position that has increased in value significantly over several years (long-term) and then repurchase it after 31 days.

I believe this will allow me to redefine my cost basis thus lowering my capital gains when I sell the stock decades from now when I am (hopefully) in a much higher tax bracket.

What am I missing?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us