(Total Views: 314)
Posted On: 04/20/2017 7:05:24 PM
Post# of 41414
I have always thought this strategy to be completely and utterly crazy.
If this were one holding in a mutual fund - I could understand- because mutual funds do not pay taxes, they pass through their income - so yes gain loss is something you are sensitive to....
But to create a loss to cover a gain as an individual?? So tough.... especially this early in the year. Either way, pay the taxes.... geez. Someone walks in and offers you a gift but says that they need to keep 25% are you going to turn down 75% of a gift?
We are going to get gifts of hundreds of thousands of dollars. And if you had to sell would you not do it because you keep something of nothing??? I have never really understood this strategy
If this were one holding in a mutual fund - I could understand- because mutual funds do not pay taxes, they pass through their income - so yes gain loss is something you are sensitive to....
But to create a loss to cover a gain as an individual?? So tough.... especially this early in the year. Either way, pay the taxes.... geez. Someone walks in and offers you a gift but says that they need to keep 25% are you going to turn down 75% of a gift?
We are going to get gifts of hundreds of thousands of dollars. And if you had to sell would you not do it because you keep something of nothing??? I have never really understood this strategy
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