Author Topic: Capital gain harvesting during accumulation  (Read 491 times)

desairicky

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Capital gain harvesting during accumulation
« on: February 26, 2021, 01:13:44 PM »
Hello!

I am still almost a decade from early retirement and have started maxing 401ks and Traditional IRAs for tax optimization this year. The remaineder of our savings is going into our taxable account. Is it wise to harvest capital gains to increase our basis in the taxable account during the accumulation phase? It seems like the answer is yes, but I wanted to make sure I am not missing something.

Thank you!

-Ricky

gocurrycracker

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Re: Capital gain harvesting during accumulation
« Reply #1 on: February 26, 2021, 07:05:00 PM »
If you can do it with zero taxes, yes

desairicky

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Re: Capital gain harvesting during accumulation
« Reply #2 on: February 27, 2021, 02:14:08 PM »
Great! Thank you Jeremy. I am in the military so a big chunk of my income is non-taxable. After standard deductions and traditional contributions I am very close to zero federal tax. Once my taxable investments hit that one year requirement I will be sure to harvest the gains! Hope Taiwan is treating you in your family well.

-Ricky