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re: Avoiding capital gains taxes when reallocating portfolio

Posted on 7/9/14 at 8:51 am to
Posted by Shepherd88
Member since Dec 2013
4592 posts
Posted on 7/9/14 at 8:51 am to
Sell your highest cost basis lots out to limit your taxes, HIFO.

One of the rules of a solid financial plan however is don't let the consideration of taxes to ruin your plan,
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 7/9/14 at 9:16 am to
Are you making any charitable contributions? Make a gift of stock instead of cash. You can donate highly appreciated stock to most nonprofits (at least those large/sophisticated enough to have brokerage accts). This avoids the cap gains, gets you the charitable deduction, and helps out your favorite cause.

LSU Foundation will be happy to handle your stock gift.
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