Tax-efficient ways to manage capital gains
Abstract: The happy glow from an investment portfolio’s rising net worth can quickly fade when it’s time to calculate the annual tax bill. Why? Capital gains tax. This article describes the kinds of assets that are subject to short- and long-term rates and where those rates presently stand. It also offers several strategies for reducing potential capital gains tax liability. A sidebar discusses the “wash sale” rule that can come into play when selling securities.