Sell $30,000 of Losing Stock Before Dec. 31 and Convert $30,000 to a Roth the Same Week, and the Loss Erases Only $3,000 of the Conversion’s Tax Bill. The Other $27,000 of Loss Waits for Future Gains
Source ↗
👁 1
💬 0
The post Sell $30,000 of Losing Stock Before Dec. 31 and Convert $30,000 to a Roth the Same Week, and the Loss Erases Only $3,000 of the Conversion’s Tax Bill. The Other $27,000 of Loss Waits for Future Gains appeared first on 24/7 Wall St..
Tax-loss harvesting and Roth IRA conversions often get matched as year-end moves, and the pairing looks clean on paper. A $30,000 loss in a taxable brokerage account seems like it should cancel a $30,000 conversion. The tax code treats those two items
Tax-loss harvesting and Roth IRA conversions often get matched as year-end moves, and the pairing looks clean on paper. A $30,000 loss in a taxable brokerage account seems like it should cancel a $30,000 conversion. The tax code treats those two items
Comments (0)