InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.29
(
-0.12%
)
Bitcoin
61,384.05
(
-0.11%
)
Post# of 19519
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

blackferret62

Send PM Follow Ignore
Followers 2
Posts 131
Boards Moderated 0
Alias Born 08/19/2016

blackferret62

Re: NONON2 post# 2956

Thursday, 09/01/2016 11:13:33 AM

Thursday, September 01, 2016 11:13:33 AM

Post# of 19519
If it holds at that level for a year, take it then. You will save quite a bit on your tax liability. The gain moves from Short to Long term, more favorable tax liability. Though if you are worried about a drop back to this level, you might want to take the gain and just bite the bullet on the taxes. Caveat, if you have other investments that have losses, you can use those to offset some of your capital gains here, but only up to $3,000.

More details;
https://www.irs.gov/uac/ten-important-facts-about-capital-gains-and-losses
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up