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Investments

29 / 07 / 2015 by Greg Freyman, CPA in Personal Tax

How Can We Pay No Capital Gains Tax?

Question:
I’m 52 years old and my spouse is 42 and we have $100,000 in annual income. We have a $120,000 in publicly traded stock that we would like to sell that have been held over 1 year. If we sold it all today, our capital gain would be $96,000. If they maxed out their 401(k) and 403(b) then we could put away $42,000. How else can we minimize our capital gains tax exposure here?

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