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Started By
Message
Selling stock - Q4 2012 vs Q1 2013
Posted on 9/25/12 at 9:11 am
Posted on 9/25/12 at 9:11 am
I have some stock I'm looking to sell soon and was wondering if my understanding of the tax cuts and potential fiscal cliff is correct. Preferably, I'd like to sell these shares in 2013 to not have to worry about them for 2012 tax purposes, but if I wait till 2013, I will be subject to a 20% tax on capital gains vs a 15% if I sell in 2012? Is that correct?
5
Posted on 9/25/12 at 9:36 am to Htown Tiger
If you wait until 2013, you will potentially be looking at a higher capital gains rate depending on the actions Congress takes (also depending on your holding period - ST or LT).
General rule of thumb, never let a tax decision drive an economic one. However, it the decision is purely a tax one, I would advise selling in 2012.
General rule of thumb, never let a tax decision drive an economic one. However, it the decision is purely a tax one, I would advise selling in 2012.
This post was edited on 9/25/12 at 9:38 am
Posted on 9/25/12 at 11:03 am to Htown Tiger
Sell your winners and your losers in 2012 and then buy your losers back in 30 days.
ETA: I am in tax 1 and I would ignore me.
ETA: I am in tax 1 and I would ignore me.
This post was edited on 9/25/12 at 11:07 am
Posted on 9/25/12 at 11:16 am to reb13
Well, at least you have learned the wash sale rules. 
Posted on 9/25/12 at 11:31 am to reb13
quote:
Sell your winners and your losers in 2012
What is this "losers" thing you're referring to?
Posted on 9/25/12 at 11:47 am to LSURussian
quote:
What is this "losers" thing you're referring to?
Any sort of capital losses you can accumulate.
Posted on 9/25/12 at 11:49 am to Tiger n Miami AU83
quote:
Well, at least you have learned the wash sale rules
88 on my first test, I am pretty much the second coming of poodle.
This post was edited on 9/25/12 at 11:50 am
Posted on 9/25/12 at 12:11 pm to Htown Tiger
I have given it some thought. I cashed in a mutual fund my wife and I had opened years ago to put some money aside for my daughter’s wedding. She was married earlier this year. We had a very nice long term capital gain. I was thinking about selling 2 stocks that I can take long term capital losses on to offset the nice gain. On a side note the Money Talk’s infamous MVIS is one of the two. However, I am also considering holding on to the two losers and instead sell them post 2012 to offset some other winners on which it looks like I might, in future years, have to pay a higher LT capital gains rate.
Any thoughts on holding on to some loser’s to sell later if LT capital gains rates increase?
Any thoughts on holding on to some loser’s to sell later if LT capital gains rates increase?
Posted on 9/25/12 at 1:11 pm to PlanoPrivateer
quote:
Any thoughts on holding on to some loser’s to sell later if LT capital gains rates increase?
I approve if that means anything. I think it is likely cap gain rates do rise, so I think it is a good idea.
Posted on 9/25/12 at 6:26 pm to Htown Tiger
quote:
General rule of thumb, never let a tax decision drive an economic one..
Posted on 9/25/12 at 9:50 pm to Htown Tiger
The correct thing to do is to sell the stock that is about to go down and buy the stock that is about to go up.
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