For simplicity assume I have $50k in LTCG and $50k in LTCL. I want to lock in these gains. Sell losses to offset all in one fell swoop or should I take gains get taxed and then sell off the losses in $3k blocks over the next 17 years or so?
I'm married filing jointly in a high tax bracket now and will be in a lower Tax bracket in 5 years or so, maybe sooner if one of us decide to be a stay at home parent, but we each make about $100k and have some rental income coming in as well.
What's the best course? What are the key variables to consider?
Thanks in advance.
Submitted August 30, 2017 at 10:26AM by DrGepetto http://ift.tt/2vJyMBD
