Good reminder about the dividends JB. Something t
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Posted On: 12/28/2019 6:11:05 PM
Good reminder about the dividends JB. Something to think about when forming an exit strategy.
General question to those who have long and short term holdings:
All things considered, including the possibility of dividends....what's your tax lot preference for when you decide to sell, and why?
LIFO = Last in first out.
FIFO = First in first out.
I have it set on LIFO, because I think it's the best way to proceed for possible dividends....but as for income taxes, it would be a tax savings to sell the long-term holdings first.
Would the higher tax for the short-term sales be worth giving up, if the dividends are paid on the long-term holdings?
I think I need to call my accountant.
General question to those who have long and short term holdings:
All things considered, including the possibility of dividends....what's your tax lot preference for when you decide to sell, and why?
LIFO = Last in first out.
FIFO = First in first out.
I have it set on LIFO, because I think it's the best way to proceed for possible dividends....but as for income taxes, it would be a tax savings to sell the long-term holdings first.
Would the higher tax for the short-term sales be worth giving up, if the dividends are paid on the long-term holdings?
I think I need to call my accountant.
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