Hello,
I had the good fortune this year of having some vested stock appreciation rights converted and sell this year. I was taxed at the ordinary income tax rates as my total income from the SARs was over $500k. I have no debt and for the past several years, can only take the standard deductions on our taxes (as we are married filing jointly, my wife retired with only SSA income). I am over 60 and funded my 401k for the maximum for this year.
Is there anything else I could do to minimize the taxes before year end?
Thanks,
Tom
