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#1
12-21-2005, 04:07 PM
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Manipulating Taxes with stock market win/losses
lets say you are in a +30% tax bracket.
if you hold a stock less then a year it will be taxed as income at the +30% rate. if you show losses, then your income will be lowered and you will be getting back 30% of your losses in a tax cut. so if you hold your winning stocks more then a year you pay 15% taxes, so... lets say you hold a large SP500 ETF and after 364 days it is a loser. itd be a good idea to sell it now, even if you are going to buy it back tomorrow. The $30 bucks in transaction fees are outweighed by the tax advatanges... is this correct? 
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