Very blessed here! Just called my CPA to review a long term plan to take profits. Obviously, tax changes look like they are on the way and those with huge profits may need to review some of the Biden tax plan as they will have significant affect on the long term tax. Being considered is all profit considered to be current income and no longer a lower long term tax advantage. The key, when will changes be in effect and what will the final tax law contain. Just be alert to coming changes and a visit with your tax planner may be in order.
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