I have $56,000 (+102%) in unrealized long term gains from stocks. I am currently in the military and normally make about $90k in taxable income. I am currently deployed for this year and my income is all tax free. I will only be taxed on 7k this year. From what I read, because my taxable income will be so low this year, if I cash out my stocks, I will pay 0% on those gains. Is this true? Are there special circumstances to make sure this works out? It would be better to pay 0% now, and push the money back into the market after 30 days to lock in the savings. Would save me about $8k. Do you advise I do this, or not?
Submitted November 02, 2019 at 11:06PM by MaxPowers5 https://ift.tt/2WDPGRg
