Timing Is Helpful When Selling Investments

Capital Gains Tax   Capital Gains and Dividends tax rates increased from 15% to 20% for taxpayers with taxable income in excess of the thresholds mentioned above ($400,000 for single filing status, etc). Net capital gains from selling collectibles such as coins or art are taxed at a maximum 28% rate. The rate will remain […]

Timing The Sale On Lossing Stocks

Timing The Sale On Lossing Stocks       Wash Sale Rule   Under the “wash sale” rule that applies to the disposition of an asset when a loss is recognized,the IRS doesn’t permit taxpayers deduct the loss if they repurchase the same or identical investment during the 30 ­day period before or after the sale date. Section […]