Why clients shouldn't wait to record capital gains

03/17/2012 | Nerd's Eye View blog

Higher tax rates for capital gains are coming, which means investors need to adjust their tax strategies, Michael Kitces writes. Instead of the old strategy of recording capital losses, investors should think about "harvesting gains" before tax rates increase in 2013. That means selling investments this year and repurchasing them to minimize the gains that will be taxed down the road.

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