Article: Harvest your capital gains? Do the math when considering paying taxes now rather than later.(The Tax-Conscious Adviser)

Byline: Robert N. Gordon

A mantra of tax-efficient investing is to harvest capital losses and defer all gains. Does it ever make sense to take capital gains voluntarily?

As a rule of thumb, no, but there are exceptions. Both Howard Marmorstein, associate professor of marketing at the University of Miami School of Business, and David Stein, chief investment officer of Seattle-based Parametric, have explored taking gains in a portfolio context. Taking gains is easy; there are no wash sale rules for capital gains. If you sell for a profit and repurchase the same security within 30 days, the government still wants its money.

Because interest rates are so low, a ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!