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Old 11-17-2014, 11:21 AM   Nav to Top  #1
abundle
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Default trading and gain loss issue

Hello,
I inherited some stock which I have been adminitering as
a newbie. My AAPL stock currently has a huge gain (bought @$140 almost
6-8 years ago, I believe, but because of the split, gain loss indicates it as ~$17 a share) Due to illness, I have had a pretty low income, but don't want to pay a huge tax even if I sell a little. The only stock I have with some loss is WFM. Any creative suggestions?
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Old 11-18-2014, 03:22 AM   Nav to Top  #2
Saintjames
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Wow those are huge gains, lucky! Why not just cash in a little bit? Say maybe $10k per year, then you'll be paying tax on a smaller portion.
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Old 01-14-2015, 02:56 AM   Nav to Top  #3
albertofair34
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It's easy to get caught up in choosing investments and forget about the tax consequences of your strategies. After all, picking the right stock or mutual fund is difficult enough without worrying about after-tax returns.
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Old 02-21-2015, 03:15 PM   Nav to Top  #4
CharmingCapital
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You are only going to pay 20% tax on the gains. So dont worry too much. If you do sell some of the APPL stock, sell some losers to offset the gains.

Its a good problem to worry about stock gains and not to have to worry about having too many losses and how to write them off!
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