Is there any better way for me avoid the capital gain tax rate?

Joined
Mar 25, 2011
Messages
2
Reaction score
0
Hi, everyone, I want to get to know if there is good tips to avoid the capital gain tax on investment?
 
Joined
Mar 25, 2011
Messages
5
Reaction score
0
Avoiding capital gains tax isn't impossible, but it does require some tax know-how. Several tax clauses enable you to avoid capital gains tax. Carry over capital gains losses to avoid capital gains tax.
One of the easiest methods for avoiding capital gains tax is to carry over capital losses. When investment performance is down across the board, it's not uncommon to incur capital losses. You can deduct a maximum of $3,000 in capital losses, or $1,500 for married persons filing separately, but the tax code does permit you to carry over capital losses in excess of $3,000. This means that, if you have a bad year with high capital losses, but the next year includes capital gains, you may be able to carry over enough capital losses to offset the capital gains on which you'd normally have to pay taxes.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top