The board is annoying today. Nothing of material substance and pumpers and bashers are running amok. I don't know about you but I find the new pumpers (dll990, toytrain) more annoying than the bashers. Based on the constant the LOL's and ROFLMAO's I think they actually find their lame jokes funny.
back to the reason for my post. 2011 looms with expected expiration of Bush's Jobs and Growth Tax Relief Reconciliation Act of 2003. Most of us will see an increase in our capital gains rate. I was planning on flipping some of my GGP shares this year so that I can lock in some of the current lower capital gains. Have others thought about this and what are your plans?
its not for everyone...that why i provided the links.
if married and have over 65k of taxable income it gets reduced.
i just put this out there for the people who were speaking in general terms that selling for capital gains was wrong....if people can qualify here...its not wrong.
read the links...this tread is beat to death and done.
>>your getting rid of 10k worth of taxes that go away forever on about 65k worth of gains...next when they need to sell as they need the money...its tax free or might even be a loss.<<
not clear what you mean.
your getting rid of 10k worth of taxes that go away forever on about 65k worth of gains...next when they need to sell as they need the money...its tax free or might even be a loss.
if you can lock in 10k in two trades you do it.
Your buing back in at a highter cost basis. You are tying up more working capital. You will make more money on the dividends, than selling now for tax purposes. I suggest read some books on the power of dividens and do a spread sheet for yourself.