Advice on how to liquidate stock accounts?

AttorneyMother
Sun, 02 Aug 2015 04:37:53 +0000

@NYMomof2 ,

you have $10k in capital gains and $5k in capital losses, you can not pay any capital gains tax, reduce your regular income by $3k this year for tax purposes, and reduce it by $2k next year

Based on your scenario:
The $5K in losses offset the $10K in gains → you have $5K in gains.