Reply to AGI of $360,000 -- paid $20,000 less in taxes in 2018 than in 2017

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Reply to "AGI of $360,000 -- paid $20,000 less in taxes in 2018 than in 2017"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks for the helpful analysis, OP! Based on your post, I went over our returns. My situation and results were similar. I used turbotax.[/quote]

We only saved $10k on similar income. Net net a good year -- especially because of [b]spectacular stocks returns.[/b][/quote]

Interesting--this was one area that saved us on taxes this year given how bad 2018 was for stocks overall. Did you time it really well to sell before the December crash?[/quote]

We didn't sell anything. Made investment in december 2017 that worked very well in 2018 and invested more in the valley of december 2018 which is what I meant by spectacular returns...bought AAPL at $142 and it's around $200 already![/quote]

Right, but if you didn't sell it, you don't have any stock returns on that yet, spectacular or otherwise, and thus it wasn't relevant to your 2018 taxes.[/quote]

Oh Lordy.

We have over $200k of unrealized capital gains in investments made since December 2017. Very real if you check our brokerage account, and very relevant to the tax story because tax reform is a major driver why they happened, but if you prefer to live in gains-free LaLaLand feel free to :D[/quote]

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