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2024 Tax Year Planning: long-term capital gain vs. IRA withdrawal?
Hi all-seeking some clarity on whether to take a LTCG (15%, right?) vs pulling some money from my IRA that I haven't started taking my RMD yet. If I take it from my IRA I believe that the proceeds will be taxed at the 22% rate because adding this to my AGI will put me well over the $47,025.
So, 15% vs 22%? Seems like it's better to take the LTCG and save 7%?
Thanks for your input.
TPM
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‎November 13, 2023
4:39 AM