News Formal

Here's how to harvest 0% capital gains amid the latest stock market rally

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

You can leverage the 0% capital gains bracket to harvest profits, rebalance your portfolio or save on future taxes. Here’s what investors need to know.

After a strong year for the stock market, tax-gain harvesting could help rebalance your portfolio and save on future taxes.

You can use the 0% bracket to reset your"basis" or original purchase price, by selling a profitable asset and then immediately repurchasing., involves strategically selling your profitable brokerage account assets during lower-income years. That could include early years of retirement or periods of unemployment.

You can also reset your"basis" or original purchase price, by selling a profitable asset and then immediately repurchasing, CFP Sean Lovison, founder of Philadelphia-area Purpose Built Financial Services, previously told CNBC.blocks the tax break if you rebuy a"substantially identical" asset within a 30-day window before or after the sale. But the same rule doesn't apply for harvesting gains.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SiriusXM & Other Radio Stocks Struggle on Soft Earnings Reports, K-Pop Shares Make GainsSiriusXM and other radio stocks struggled and K-pop share prices rose on the Billboard Global Music Index amid sharp declines in U.S. stock markets.
Source: billboard - 🏆 112. / 63 Read more »