Quote:
Originally Posted by HonestChieffan
Sucks for sure.
Had a good year killing weeds and spent an ass load on equipment and repairs so offset most.
Cap gains are a killer so been holding back on taking stock profits.
Hope cattle stay strong so I dont get blind sided. My customers that are all grain are about to get a dose of reality with cheap corn and beans in the next year or more.
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I saw something this year that had never occurred to me before.
I had two good stocks that I had a fair amount of money in, and they were up quite a bit. Both companies got acquired in 2023. Instead of a stock exchange, they were allowed to just take my stock and pay me for it. So now, because of a decision that some big company made, I owe a lot of unplanned capital gains tax. I didn't want to sell the stock, either. The sale was forced on me. That really stinks.