A friendly reminder to harvest your capital gains on liquid investments this year if you are in the 0% bracket (less than $37,650/75,300 in AGI for single/married filers). There is no downside to harvesting since "wash sale" rules don't apply to harvesting gains and you lock in the higher basis.
Everyone expects tax reform in 2017. One of the plans would increase capital gains taxes on those in the current 0% bracket to 6%. Will that be the one passed? Who knows, but it doesn't really matter. Harvest now.
Everyone expects tax reform in 2017. One of the plans would increase capital gains taxes on those in the current 0% bracket to 6%. Will that be the one passed? Who knows, but it doesn't really matter. Harvest now.