Comments on: Last Chance to Plan for 2007 Capital Gain Taxes http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Sun, 21 Mar 2010 02:47:42 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Jessica Bennet http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/comment-page-1/#comment-3867 Jessica Bennet Wed, 02 Jan 2008 10:34:14 +0000 http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/#comment-3867 Hi David, Here's wishing you a very Happy and Joyous New Year! I personally feel it's good that we are taxed on the net capital gains. This helps us to offset any gains against the loss. And, getting tax benefits over any loss in the sense that we can carry forward the loss to the future years is interesting! besides, capital gains/loss, there are various other tax deductions/credits available. I've shared 34 such deductions/credits at http://www.mortgagefit.com/tax/34tips-deduction.html Let me know your thoughts on them. Regards, Jessica Hi David,

Here’s wishing you a very Happy and Joyous New Year!

I personally feel it’s good that we are taxed on the net capital gains. This helps us to offset any gains against the loss. And, getting tax benefits over any loss in the sense that we can carry forward the loss to the future years is interesting!

besides, capital gains/loss, there are various other tax deductions/credits available. I’ve shared 34 such deductions/credits at http://www.mortgagefit.com/tax/34tips-deduction.html

Let me know your thoughts on them.

Regards,

Jessica

]]> By: EnoughWealth http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/comment-page-1/#comment-3817 EnoughWealth Sat, 29 Dec 2007 02:28:58 +0000 http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/#comment-3817 Need to also consider what marginal tax rate applies this year (ie total income) compared to likely income in future years. No point realising capital losses to minimise this years tax if you're in relatively low tax bracket. In future years you may be realising gains when you're earning a higher income, so any losses realised in those years would be more valuable. Need to also consider what marginal tax rate applies this year (ie total income) compared to likely income in future years. No point realising capital losses to minimise this years tax if you’re in relatively low tax bracket. In future years you may be realising gains when you’re earning a higher income, so any losses realised in those years would be more valuable.

]]> By: MoneyNing http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/comment-page-1/#comment-3816 MoneyNing Sat, 29 Dec 2007 00:27:25 +0000 http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/#comment-3816 Double: I respect your decision but I'm holding on since I think 2008 will be a good year for it. Grant: You are totally correct! I just got the days mixed up. I will change that sentence :) Double: I respect your decision but I’m holding on since I think 2008 will be a good year for it.

Grant: You are totally correct! I just got the days mixed up. I will change that sentence :)

]]> By: Grant http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/comment-page-1/#comment-3815 Grant Sat, 29 Dec 2007 00:20:21 +0000 http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/#comment-3815 Actually, the market is open on Monday as well. -Grant TheCornerOfficeBlog.com Actually, the market is open on Monday as well.

-Grant
TheCornerOfficeBlog.com

]]> By: Double Journey http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/comment-page-1/#comment-3802 Double Journey Fri, 28 Dec 2007 08:20:14 +0000 http://moneyning.com/investing/last-chance-to-plan-for-2007-capital-gain-taxes/#comment-3802 Good Summary. My post tomorrow is about this topic as I am clearing out some of my losers as well. I still own some ETFC, but may just get out of it and move on. I really think it won't go down from here, but I also don't think it is a big winner either. Good Summary. My post tomorrow is about this topic as I am clearing out some of my losers as well. I still own some ETFC, but may just get out of it and move on. I really think it won’t go down from here, but I also don’t think it is a big winner either.

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