CardsFan
Thinks s/he gets paid by the post
This will be my first year trying to manage income to be tax efficient. FIRE'd in February this year.
I have a substantial capital loss carryover from the sale of inherited property. I have been working it down, but it will probably take 2 more years, unless I take some additional gains this year.
When I run simulations for 2016, using Turbotax, it appears that the carry over losses are used first, so that I have no cap gains tax benefit by staying under the 15% limit. Dividends do appear to be remain untaxed in this scenario.
Has any one dealt with this before?
Thanks for any insight.
I have a substantial capital loss carryover from the sale of inherited property. I have been working it down, but it will probably take 2 more years, unless I take some additional gains this year.
When I run simulations for 2016, using Turbotax, it appears that the carry over losses are used first, so that I have no cap gains tax benefit by staying under the 15% limit. Dividends do appear to be remain untaxed in this scenario.
Has any one dealt with this before?
Thanks for any insight.