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Deductions & credits
Thanks Robert!
I may sell in a year or two but if I can offset ordinary income now vs the same capital gain in a year (due to the added basis of the 27.5 year improvement).....wouldn't it be better to choose the same dollar amount of offsetting ordinary income if my income bracket is higher than the long term capital gain rate? And time value of money....isn't it better to have it offset income now vs spreading out over 27.5 years? I am asking just to see if there is anything big I am missing. Thanks. Roy
March 2, 2022
2:25 PM