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 Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 319. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: billboard - 🏆 112. / 63 Läs mer »