Quote:
Originally Posted by BigBeauford
So I'm still new to this whole shebang and wanted advice:
March 23rd I put a bunch of money into stocks. I'm up over 100% of that initial investment. Do I need to wait until March 24th 2021 to withdraw to avoid recording the gains as part of my standard taxable income? Or do I just need to wait for Jan 1st 2021? Or does any of this matter and I could cash out today. Thanks yall!
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Definitely hold it for a year to minimize taxes, as Hammock said.