Sandy & Shirley
Recycles dryer sheets
My partner was able to complete her Roth Conversions in 2024 so we are starting a standard brokerage LTCG Harvesting account for her.
I am still working on the completion of my Roth Conversions. At the start of each year I will do the maximum amount of Conversions within my 12% tax bracket / 22.2% Marginal Tax Rate. My goal is to avoid the 22% tax bracket which is a 40.7% Tax Rate with the 85 cent per dollar taxation of my SSB.
As we make investments in her brokerage account, if one of those investments becomes a Capital loss:
Can she transfer that investment to my brokerage account?
Can I then sell that investment to claim the capital loss?
Can I then do another Roth Conversion within my 12% tax bracket?
I am still working on the completion of my Roth Conversions. At the start of each year I will do the maximum amount of Conversions within my 12% tax bracket / 22.2% Marginal Tax Rate. My goal is to avoid the 22% tax bracket which is a 40.7% Tax Rate with the 85 cent per dollar taxation of my SSB.
As we make investments in her brokerage account, if one of those investments becomes a Capital loss:
Can she transfer that investment to my brokerage account?
Can I then sell that investment to claim the capital loss?
Can I then do another Roth Conversion within my 12% tax bracket?