Staying one step ahead of capital gains tax
Abstract: The end of the year is a good time for individuals to revisit tax strategies with an eye toward ensuring they’re taking any and all actions needed to reduce their tax bills. One area to look at is capital gains. This article notes that, while rising value is a good thing, the gains on selling an investment are potentially taxable. It points out that, with proper planning, a taxpayer can reduce capital gains tax liability — and avoid unpleasant surprises.