You'll need to sign in or create an account to connect with an expert.
In any case, you seem to be letting the Tax Tail wag the Investment Dog, which is foolish.
If you've got a profit in the stock and if you think the stock is going to fall out of bed in the near future, you sell your investment and - maybe - share some of that profit with the IRS. (Long term gains are taxed at very favorable rates, starting a 0% for some, taxed at only 15% for most.) And you laugh all the way to the bank.
Not selling a stock because you don't want to pay taxes on the gain and then watching those profits disappear as the share price plummets is just plain silly.
Tom Young
In any case, you seem to be letting the Tax Tail wag the Investment Dog, which is foolish.
If you've got a profit in the stock and if you think the stock is going to fall out of bed in the near future, you sell your investment and - maybe - share some of that profit with the IRS. (Long term gains are taxed at very favorable rates, starting a 0% for some, taxed at only 15% for most.) And you laugh all the way to the bank.
Not selling a stock because you don't want to pay taxes on the gain and then watching those profits disappear as the share price plummets is just plain silly.
Tom Young
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
wmounsey-gmail-c
New Member
arro854599
New Member
sutherlandws
Returning Member
Karen95
New Member
B1TaxedToMuch
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.