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re: Tax question on a home sale - ordinary income vs capital gains
Posted on 3/16/23 at 4:13 am to Browncd81
Posted on 3/16/23 at 4:13 am to Browncd81
quote:
Now I'm curious about this situation. It looks like their money manager should've done this reallocation more gradually over a 3 year period to soften the blow of the capital gains?
You should never hold onto a position solely because of taxes, but it’s a pretty damn big part of the equation. Chipping away at it in retirement can often let you absorb tens of thousands of dollars of capital gains without having to pay federal taxes on those gains.
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