I have a ton of MSFT stock relative to my NW (30%) and am thinking about diversifying most of it into VTSAX. Is there a way to not pay taxes on my gains now? Or should I just estimate taxes due based on gains and plan for that bill next April? I don’t plan on needing this $$ for decades. I don’t have a financial advisor so asking Blind
TC 240k
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Also you would want to re evaluate is you want to sell MSFT. That stock is only going to go up in this year. How much is a question though
Assuming you are in WA, might be worth taking the tax hit while you are in a non-state tax location.
You don’t need a financial advisor you need an accountant. But in this case it should be easy. Pay up to previous years taxes and you won’t be penalized this year.
Just make sure you save enough money to pay when tax time comes.
Don’t have that much loss but this is interesting. Thanks