I was reading an article in the WSJ on 0% capital gains tax for long term capital gains and qualified dividends. The Taxable income limits are 44k for singles and 89k for married filing jointly. See pic for exact amounts. The article also states I can repurchase the same tickers without invoking a wash sale. This is great!!
But I have a large capital loss carryover from decades ago. So if I take gains up to the stated amount above, they reduce my capital loss carryover. The capital loss carryover is an asset. So I am effectively not getting a 0% tax rate. Is there a way to not reduce my capital loss carryovers? I'd like to keep my capital loss carryover intact to offset future gains from real estate sales.
FYI: I am retired, 51 years old and single.
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