Should I realize LTCG in my taxable account before year end? I'd like to have little or no Federal taxes due as I have not filed any quarterly estimates.
Detail for 2017
Age 58
Earned income = 0
Dividend income = 12,000
Mort Int Deduct = 5,600
Property Tax = 3,600
Realized STCG = -8400
Realized LTCG = 12,400
I have about 50,000 in unrealized long term gains in a taxable account.
My CPA has left the business so I am looking for input on the best action to take between now and year end.
Thanks
Detail for 2017
Age 58
Earned income = 0
Dividend income = 12,000
Mort Int Deduct = 5,600
Property Tax = 3,600
Realized STCG = -8400
Realized LTCG = 12,400
I have about 50,000 in unrealized long term gains in a taxable account.
My CPA has left the business so I am looking for input on the best action to take between now and year end.
Thanks