Author Topic: Tax Harvest question  (Read 133 times)

ballisround

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Tax Harvest question
« on: November 27, 2020, 07:05:56 PM »
https://attachments.convertkitcdnm.com/18220/7a6fd518-f6e0-4686-8355-e115e74ee0fd/GCC_LTCGHarvest_Templatev2.pdf

Hi Mr GoCurryCracker,

I have a question on the linked template.

You mention "Long Term Capital Gains are taxed at 0% for a Married Couple Filing Jointly (MFJ) as long as total
taxable income is less than ~$100,000, which is adjusted for inflation each year.
(For single filers or married filing separately, divided by 2.)
For 2018, the 0% capital gain threshold was $101,200.
For 2019, it is $103,150."

Is this information true? I am a single filer, but all the information I find says that the 0% threshold is $40,000 for 2020, and $80,000 for MFJ. The numbers you provide are pretty far off. Maybe I am not looking up the right terms, but I am unable to find this.


gocurrycracker

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Re: Tax Harvest question
« Reply #1 on: November 28, 2020, 01:43:50 AM »
Yes, true.

Add the standard deduction to your numbers and they will equal mine.