Need advice on how to reduce Capital gains tax for buying / selling shares with Robinhood. Should I link my 401k account money to trade/sell stocks to avoid tax until a specific amount per year.?( 70 or 80 k depending on tax bracket -married with kid) I understand that by holding the stocks more than a year , I can significantly reduce Capital gain tax. I am trying to understand how to reduce tax on short sells. Pls advise. Tc 200k#personalfinance #investments
India
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Is it just me but given the history with British in India
Tech Industry
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Doston mera cut gaya doston
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6h
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I make more money than I ever dreamed of, so why am I not happy?
google short term vs long term capital gains
Make charitable donations to 501c3’s (assuming you’re in the US) prior to the end of 2021. There’s no cap on charitable giving this year. ** NOTE: not a tax expert and above isn’t legal tax advice. Contact a tax expert for more concrete advice.
Again not legal/tax advice but you’re dumb af if you try to leverage your 401k funds to lower your tax bill for the year. Not even sure what your plan for that was but yeah.
He’s not dumb, his 401k contribution will definitely fund him better when he retires.
How much short term gains do you have, and which tax bracket see you in? If it's over 50k short term capital gains, and you're in a 30% bracket (so 15k extra tax liability) might be worth it to pay $1k for a good CPA to handle all your tax questions for the year.
How is your 401k connected here?
WTF. You need to hire someone.