sell or hold

[jeb1000]

I have some stock that would have long tern gains on it.  I will need some of that money after the first of the year.

From what we expect from Biden, tax wise, should I sell some of it before the end of the year or wait until after Jan 1 as I need the money?

Tks, take care - stay safe - jb

[Bsch4477]

No one can tell you what changes may be made to the tax code. Biden has mentioned increasing the capital gains tax on those with incomes over one million. 

[jeb1000]

Ah, well, at 1 mil I don't have to worry about that.

Tks, I do appreciate it. - jb

[Hal_Al]

If your income was down this year because of Covid, that should put you in a lower tax bracket, possibly reducing the capital gain tax.