$NVAX Fellow traders/investors! On our day off, thought I’d start a conversation on taxes. Any advice on minimizing short term capital gains taxes? All posts welcome!
44
1
$NVAX @Glackattack I don't know what are your tax rates, but I suppose that if you're based in the US you should be happy. Here in Italy we have a 26% haircut on capital gains. Period. The only trick we have up our sleeve to cut a little bit of taxes is to sell in December all the positions in a loss, to be eligible for a credit on gains made in the 4 years to come. But if at the end of the year you just gain, you pay that 26%, no escape. Here's a picture of a fellow Italian tax payer while receiving a haircut by our Government
1