Ideas on reducing taxes on a huge capital gain
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Anonymous
| Looking for some ideas. One of my stocks, Exact Sciences (EXAS), that I have a large position in is being bought out by Abbott Labs (ABT) in an all-cash offer expected to close Q2 2026. I will have a very large capital gain when this buy-out closes. Looking for ideas for what I can do in 2025 and 2026 before the deal closes to reduce my taxes. Right now I'm looking at 20% LTCG plus the 3.8% NIIT for investment gains above $250K plus most likely getting hit by the AMT for the half that is in a taxable brokerage account. Fortunately, the other half in a Roth IRA. Serious responses only please. I don't want this to turn into a debate about the benefits of capitalism vs paying my fair share. Thanks. |
Anonymous
| If you acknowledge this would be paying your fair share, then why are you opposed to doing it? |
Anonymous
Jeez. I'm not acknowledging anything. I pay taxes like everyone else despite how our tax dollars are wasted on an epic scale regardless of who is in power. As far as my capital gain, I took the risk and now I'm reaping the benefits so I'm just looking for ideas to reduce my taxes further. |
Anonymous
| Probably not much you can do. Consider making a charitable donation at least that way you benefit a cause you find worth not just Uncle Sam! |
Anonymous
| Look for losses to offset |
Anonymous
So sad. |
Anonymous
| Only real option is to offset with capital losses, which will give you even more cash to rebuild your portfolio while reducing your tax burden. |
Anonymous
So dumb. Move on plz. Not op |
Anonymous
|
If you have unrealized losses in other things, take them. Do it in the year the deal
Closes though. |
Anonymous
| Make charitable donations with the stock - as in donate the stock. That saves you cap gains on the stock plus you get a charitable deduction. |
Anonymous
This, and also (i) try to accelerate some income to 2025, and defer other income to 2027. Not sure what you can do otherwise. Congratulations! |
Anonymous
| If you're making sooo much money off of this, you can afford professional tax advice and don't need to get it from this silly forum. |
Anonymous
Suck it up and pay, you greedy glass bowl. Oh boohoo you have a windfall and you have to play 24% tax. How devastating. |
Anonymous
| See a tax planner, you cheapo. |
Anonymous
|
Die before the sale so your estate gets a step up in basis to offset the pre-sale appreciation?
More seriously, you need to talk to your accountant. |