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Old 02-21-2017, 01:03 PM
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Long Term Capital Gains on Stock Investment

I currently have a fantastic gain of stocks I purchased over a year ago. My positions are long term, over a year. My gain is in the ball park of $90000. I want to sell, but am considering the tax bill. My ordinary income tax bracket is 25%. So since my tax bracket is 25%, I am expected to pay capital gains tax of 15% or $13500.

From my research, is it true that if I can lower my taxable income to a income tax bracket of 15% by making donations, contributing to my 401K, Roth, Health Savings Account, Education and other deductible items so that my taxable income is less than $37000, my capital gains tax will be 0%? It appears that is the case, but want to make sure.



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Old 02-21-2017, 11:46 PM
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I currently have a fantastic gain of stocks I purchased over a year ago. My positions are long term, over a year. My gain is in the ball park of $90000. I want to sell, but am considering the tax bill. My ordinary income tax bracket is 25%. So since my tax bracket is 25%, I am expected to pay capital gains tax of 15% or $13500. ===>Correct

From my research, is it true that if I can lower my taxable income to a income tax bracket of 15% by making donations, contributing to my 401K, Roth, Health Savings Account, Education and other deductible items so that my taxable income is less than $37000, my capital gains tax will be 0%? It appears that is the case, but want to make sure.========>Correct ; then it?d reduce your AGI and taxable income and capital gain tax .



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