re: Tax question on a home sale - ordinary income vs capital gains

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Look... I get WHY the advisor did what he did. That's what he is paid to do. The client was very heavy in a bunch of old, low-basis stock.

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Basically they're not paid on alphas and betas of portfolio performance against nominal performance of same specific allocation.. they're just paid on trading commissions plus a management fee regardless of performance, correct? So the whole incentive structure is not even in client's favor.

Same as a real estate agent that is incentivized to get the seller to cut the price for a quick sale. The RE agent gets to do half the showings and only loses a few percentage points from their commission.