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So I live abroad and make about 25,000 USD a year where I am. Local taxes take about a third of this. I use the foreign income tax credit and don't pay anything in the states. I have some money in a taxable account in the US and have about $12,000 in unrealized short term gains, as well as about $3,000 in dividend income for this year. I am thinking about realizing these gains (it would be a nice chance to rebalance my portfolio as well) as, if I understood everything correctly, I would be paying relatively little in taxes. I believe I have another year of this level of income and then I may move back to the US and be in a higher tax bracket. Or should I wait another year to take profits in order to get these as long term capital gains?
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Oct 22, 2013 23:26
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| # ¿ May 16, 2024 22:20 |
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