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Bull Market Limits Options for Trimming Year-End Tax Bills
NEW YORK (Capital Markets in Africa) – It is the time of year when investors look at their books and see which losing securities they can shed to trim their tax bills—but they may have little to work with this year. Investors can lower taxes on their capital gains—which face ordinary income rates if held for a year or less—by selling at a loss certain shares that have dropped in value. Depending on the extent…
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