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re: Avoiding capital gains taxes when reallocating portfolio
Posted on 7/9/14 at 9:16 am to Shepherd88
Posted on 7/9/14 at 9:16 am to Shepherd88
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.
LSU Foundation will be happy to handle your stock gift.
1
Posted on 7/9/14 at 9:39 am to hungryone
thanks for the replies and ideas...
* charitable: Nope, too much
* sell highest cost positions: Nope, want to liquidate entire positions
* don't let taxes influence plan: I know that's conventional wisdom, but I don't fully agree. Selling an investment effectively means taking a 24% hit immediately on the new investment. That has to be considered.
* buying puts: gains are long term, so don't want to trade cap gains for regular income...also, I just want out of the positions as I believe others will perform better over the long term.
* charitable: Nope, too much
* sell highest cost positions: Nope, want to liquidate entire positions
* don't let taxes influence plan: I know that's conventional wisdom, but I don't fully agree. Selling an investment effectively means taking a 24% hit immediately on the new investment. That has to be considered.
* buying puts: gains are long term, so don't want to trade cap gains for regular income...also, I just want out of the positions as I believe others will perform better over the long term.
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