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URL:  https://boards.fool.com/reminder-0-long-term-rate-is-ending-for-15-or-28935866.aspx

Subject:  Reminder: 0% long term rate is ending for 15% or Date:  12/5/2010  3:10 PM
Author:  Watty56 Number:  67783 of 96385

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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