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re: capital gains tax question
Posted on 11/24/14 at 12:48 pm to Retrograde
Posted on 11/24/14 at 12:48 pm to Retrograde
its just a regular etrade account. not sure what type. does it make it difference that i plan on immediately reinvesting ?
2
Posted on 11/24/14 at 12:51 pm to Chuckd
Nope. What is sold is sold. Do you not have some other holdings that maybe you could sell at a loss?
Posted on 11/24/14 at 12:54 pm to Chuckd
quote:
its just a regular etrade account. not sure what type. does it make it difference that i plan on immediately reinvesting ?
No. If it is a brokerage (not IRA/401k), then the main issue here is simply the one year hold. If you sell now, you basically just add the gain to your wages (which of course include over time).
You are likely looking at paying $3k more in taxes by selling now rather than in January, after you have held for one year (to the day).
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