Got some gains on Amazon stocks .. when to realize them?
My lucky partner bought $200k of Amazon stocks when it was $80 ish. Now it has more than doubled. We're wondering when to sell this shit and diversity. It's a significant portion of our portfolio now
Thoughts? 🤔🤔
350k
#stocks#investments
You can put some shares into a Donor Advised Fund and get the entire value of those shares as a charitable deduction. Significantly reduces the tax bill. “Downside” is you promise that money to charity, you can never use it for anything else again. Which is worth it because you should force yourself to donate anyway
You can also take those capital gains and invest them in certain "opportunity zones" to avoid paying any taxes. The catch is you need to wait 5 years to pull out
Amazon was at 80 over a year ago. So you’re good to sell whenever for ltcg.
Thanks 👍. Uncle Sam is gonna love it
You can put some shares into a Donor Advised Fund and get the entire value of those shares as a charitable deduction. Significantly reduces the tax bill. “Downside” is you promise that money to charity, you can never use it for anything else again. Which is worth it because you should force yourself to donate anyway