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Personal Finance (Not Investing) • Re: Capital loss and Retirement Accounts

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This may be naive/impractical depending on your age and/or situation but -

If you currently have no investments in a taxable account could you not start? Buy SPY, let it sit for a long time, sell tax free - unless of course the gains are above $700k but that'd be a nice problem to have?

Is this plan essentially waiting for the appreciation in a taxable account and then using the loss at that later time against gains?
Yep. Hardly scientific but still.

Statistics: Posted by BrooklynInvest — Thu Dec 12, 2024 10:55 am



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