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Reply to "1%ers: What are you doing with your $$ before Dec 31? "
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[quote=Anonymous][quote]Gee, hope you don't sell your stocks at the bottom of the market. That might wipe out the difference in capital gains rates - if there even will be a difference, because we don't know what deal is going to be worked out yet. Selling now seems a little panicky, not to mention risky, unless you think you're going to need the money next year. I presume op is going to sell and then buy it back, thereby locking his capital gains[/quote] Yes smart, pay transaction cost x 2, plus pay more for the same stocks as congress solves the cliff problem. All this on your gains on the stock. [/quote]
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