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ypsiCPA

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ypsiCPA

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Re: None

Thursday, 09/22/2011 8:31:27 PM

Thursday, September 22, 2011 8:31:27 PM

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Capital gains rules for 2012 are the same as 2011. But in 2013, capital gains tax rate is likely to rise, from 15 to 20%. Also, there will be a 3.8% Medicare tax on investment income.

It might make sense to sell a winning long-term stock (if you're so blessed as to have one) before 2013, and immediately buy it back.

Wash sale rules apply to losses, not to gains.
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