Quote:
Originally Posted by pw2006
Great points Greg, taxes totally depend each person's set of circumstances.  |
Yep -- and that's why I said earlier that we really don't want to turn this into a tax discussion -- only in the BROADEST of terms etc and give people enough info to at the very least KNOW THEY SHOULD ASK - because TAXES are a real trap we can all fall into. There's just too damn many circumstances.
A retiree on SS might be able to sell enough gains to supplement their SS and not have any tax due...
And I get the root of the question.... and it's a good one. But the answer "depends".
I will answer honestly for my own personal situation -- I don't give any thought to what the tax consequences are for a trade. I just do what's best for making (or not loosing) money. The taxes are what they are. I just can't clutter my head with all the rules etc in order to save $500... and then lose $2000 because I didn't want to pay taxes. But that's my personal "method". I pay way more taxes than I need to - my tax guy yells at me - and I tell him "sorry dude... I just don't care.... I made money didn't I?" and he always concedes that in fact "yes I did"... And to me - that's the bottom line. But that's not good advice for others... because it CAN AND DOES make a difference!