Talk to your tax people before selling. IRA's can
Post# of 85484
(Total Views: 493)
Posted On: 02/10/2021 1:56:47 PM
Talk to your tax people before selling. IRA's can be traded without immediate tax consequences but, if you sell from a personal account the taxes will be owed on that sale. I'm believing my accountant when he says don't "make/sell" over $500,000 this year because he (and apparently the rest of his CPA crowd) says whatever changes are made for the 2021 tax year will most likely be HUGE for the over $500,000 club.
I'll be keeping my personal shares I've accumulated (and continue to do so) for the long haul and selling just under $500,000 per year for many years to come, I hope! First sale is still set for 100,000 @ $4.20.
Good luck to all and be smart with your money.
I'll be keeping my personal shares I've accumulated (and continue to do so) for the long haul and selling just under $500,000 per year for many years to come, I hope! First sale is still set for 100,000 @ $4.20.
Good luck to all and be smart with your money.
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