Send us a textTax planning for stock portfolios offers significant wealth-building opportunities when approached strategically. We dive deep into how different types of portfolio income are taxed and explore advanced strategies to minimize tax impact while maximizing growth potential.• Understanding the difference between portfolio income (stocks, dividends, capital gains) and passive income (real estate)• Short-term capital gains are taxed at ordinary income rates up to 37% plus potential 3.8% net investment income tax• Long-term capital gains receive preferential tax rates (0%, 15%, 20%) depending on income brackets• Qualified dividends receive the same favorable tax treatment as long-term capital gains• First $47,000 of long-term capital gains ($94,050 if married filing jointly) can be completely tax-free• Capital losses can offset capital gains from any source, with excess losses offsetting ordinary income up to $3,000 per year• Tax-deferred accounts like 401(k)s eventually tax all withdrawals at ordinary income rates, not capital gains rates• Strategic timing of capital gains can dramatically reduce tax liability• Using ordinary business losses to offset capital gains from portfolio liquidations• Qualified Opportunity Zones can defer, reduce, and potentially eliminate taxes on capital gains• Utilizing tax-free vehicles like Roth IRAs and borrowing against appreciated stock positions• Taking advantage of years with low income to realize gains at 0% tax rateTo learn more about implementing these strategies for your specific situation, visit prosperLCPA.com/apply or taxplanningchecklist.com to get on our list and be invited to free educational events.

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