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Another Year-End Tax Tip!

November 19, 2010

Sell those losers! as equites are still 25% off their 2007 peak.Market Crash

 If you have deadbeat stocks you don’t want, get rid of them. Losses can be used to off-set capital gains, up to $3,000 of income. Leftover losses can be carried into future years, which may be valuable if the top long-term capital gains rate reverts to 20%, from 15% now. Should you realize gains just to avoid higher rates later?…Paying taxes now to avoid the possibility rates might rise doesn’t make a lot of sense.

Give us a call at 212-979-6830 or stop by for a visit. At GAI (www.gunwel.com) we can help you with your tax planning, and now is the best time as December 31 is just around the corner. See you soon!

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