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re: Selling stock to buy foreclosure

Posted on 1/5/24 at 8:45 am to
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2145 posts
Posted on 1/5/24 at 8:45 am to
Probably more important than the the tax vs interest considerations, are you overweight these individual stock positions and what is their forward outlook. It may be time to trim those anyway. Also, you're going to eventually pay LTCG on them unless you anticipate holding until death, selling in a very low income year while in zero LTCG rate or donating shares. Unless the sale would trigger NIIT (additional 3.8% tax) or you plan to move to a state with lower tax on LTCG there may not be much advantage to putting of the LTCG bill.
Posted by Drizzt
Cimmeria
Member since Aug 2013
12969 posts
Posted on 1/5/24 at 9:12 am to
Some of the bank stocks are up 30% so I was thinking of taking some profits. I think the regional bank sector could take a mini crash again if a few go down suddenly due to rate issues. I usually hold for 50-100% gains before selling. I could probably justify selling $20k for profit taking and HELOC the rest.

Thanks for helping me think this out fellas.
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