My plan for my UNVC shares in 2021 is simple:
Post# of 86974
(Total Views: 486)
Posted On: 02/10/2021 5:12:48 PM
Re: BUMPERCARS #40351
My plan for my UNVC shares in 2021 is simple:
1) Sell some shares at $10 or $20 to get squared away and pay off all bills, etc.
2) Hold the rest until December 2021, (for the highest stock price) and to see if there are any Biden capital gains tax changes for 2022 (tax changes for 2021 are unlikely).
3) If Biden makes good on his proposed higher long-term capital gains tax rate for 2022 (= 43.4% taxes on profits of $1 million or more for stocks held for a year and a day or longer).
Then I will:
4) Decide how much in profits I want to take in 2021, -knowing that the month of December might be my last chance to take millions of dollars in profit (for a new Vanguard portfolio) at the current maximum long term capital gains tax rate of 23.8% for 2021.
1) Sell some shares at $10 or $20 to get squared away and pay off all bills, etc.
2) Hold the rest until December 2021, (for the highest stock price) and to see if there are any Biden capital gains tax changes for 2022 (tax changes for 2021 are unlikely).
3) If Biden makes good on his proposed higher long-term capital gains tax rate for 2022 (= 43.4% taxes on profits of $1 million or more for stocks held for a year and a day or longer).
Then I will:
4) Decide how much in profits I want to take in 2021, -knowing that the month of December might be my last chance to take millions of dollars in profit (for a new Vanguard portfolio) at the current maximum long term capital gains tax rate of 23.8% for 2021.
(8)
(0)