Author Topic: Minimizing tax  (Read 311 times)

aswam

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Minimizing tax
« on: May 08, 2022, 02:23:42 PM »
Hi,

I have a large amount in one stock that I wanted to move to VTSAX.  If I sell all that stock at once  I will be netting ~300K capital gains on top of my 250K W2. I am in a 7% state tax. Also, I don't want to wait for a long time. What should be my strategy?

Thanks in Advance.


gocurrycracker

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Re: Minimizing tax
« Reply #1 on: May 09, 2022, 01:10:17 AM »
Congratulations on your big gain!

Unfortunately there isn't much you can do here beyond paying the tax and moving on.