IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Christopher Reed who wrote (604)	12/6/1998 7:14:00 PM
From: Spots	of 1383

Just be warned that the 20% cap gains rate will kick in as soon as your gross income, counting cap gains at full value, passes the 15% bracket limit. A good idea, but beware the traps. If you have a lot of room between your income and the 15% top, think about it; otherwise it might not be worth the trouble. Incidentally, to take a GAIN you don't have to worry about the wash sale rules, only to take a loss. You can sell and buy back the same day to take a gain; no need to wait 31 days. Spots

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