Taking Gains Before 2015

You should highly consider taking gains before 2015 to lock in the lower rate. But don’t let the tax tail wag the investment dog. Tax savings aren’t the only thing to consider when selecting from your portfolio. Your moves should also make financial sense. Note too that taxwriters will likely keep the stepped-up basis for inherited assests, so 100% of pre-death appreciation on those assets will escape tax when the heirs sell.

For more information, Contact Heckman & Associates

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