If I sell Apple Stock, how do I soften Capital Gains Tax?

[blooz]

You want to buy another ADDITIONAL house or just sell the one you have and start paying a mortgage again for the fun of it?

[Michael]

[quote Jimmypoo][quote Michael]Depending on your income, you might be able to get it all out for no tax next year. If you meet the income criteria, I'd do it in 08--I'm betting rates will go back when the dems take the election.
That would be '09, after they take office.... and then how long until any leg. is passed?
[quote Paul F.]And what tax year would it go into effect FOR? (probably the '10 year).
Well, our fair Congress has been known to change tax rates retroactively. The 1993 Omnibus Budget Reconciliation Act increased taxes as of Jan, 1993 even though it wasn't signed until August, 1993. Upheld by the courts.

If the dems take everything in 08, it wouldn't surprise me to have the 09 budget legislation be retroactive to Jan 09 and to lose the lower capital gains rates retroactive to Jan 09. The current legislation has the capital gains reduction in 2008-2010, but there ain't no promises there. So, if I had the appropriate income to sell without any capital gains, I'd do it in 08, just to be sure. If the tax law didn't change, I'd do it again in 09 and 10. But, that's just me!

[Lux Interior]

[quote Microman]
about to retire, as well
If you retire and you fall into the lowest tax brackets, your long-term cap gains could be as low as 5%.

And Paul, considering that long-term cap gains are relatively low, what do you consider a "FairTax"? Nothing?

[Lux Interior]

Oh, I almost forgot!

[Go To Top]

Ya shoulda sold early this mornin. Market nosedive.

[Dennis S]

What if you put some of it in an IRA, to the extent possible, before you sell it?

[Racer X]

"It will be the best investment I have ever made, except for the purchase of my house. "

so, your house has increased in value at a higher % than Apple? Where the hell do you live?