|
It seems likely that the capital gains rate will go up in the next year or two. Obama has talked about raising it to 20 or 25%. And while McCain doesn't want to raise it, it goes back to 20% after 2010 under current law. It entirely possible he won't have the votes in the Senate to change that, even if he wants to.
So, given that the days of 15% capital gains are probably numbered, has anyone given any thought to whether its worth executing wash sales on positions that are in the black to 'capture' (if you will) the 15% tax rate on your existing gains, and reset your cost bases?
I've not done the math to see if under what scenarios this is worthwhile, has anyone else?
__________________
Money's just something you need in case you don't die tomorrow.
|
Threaded Mode
