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blackferret62

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blackferret62

Re: NONON2 post# 2956

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

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

Post# of 19524
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
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