I'm currently on track to make about $15,000 this year from working part time, and I have a mix of shares purchased both more than and less than a year ago. However, upon college graduation, I will be making roughly $100,000, drastically increasing my tax bracket. In this case, I just wanted to confirm with others, would I be smart to sell my stocks to realize the gain this year before I have to realize them at a higher tax bracket? I'm making an assumption that even if I only held shares less than a year old, that I'd still be paying less on the gains than I would if they all matured to over a year old with my new tax bracket. Would this be a correct assumption?
Submitted November 03, 2017 at 09:18PM by weblunatic http://ift.tt/2h4bula
