I don't like the provision as I own a lot of individual stocks vs. mutual
funds, and I don't like the inflexibility this creates, but does it really "crush" the middle class? At the end of the day, you're mostly talking LTCG rates at 15% for the middle class. And you still have the ability to offset your gains by taking losses, this just makes it a little more complicated.
I'm thinking through my portfolio and how it would impact me. I tend to average into positions and then write covered calls to get out entirely when I'm ready to sell. Occasionally I sell portions of a holding, but usually for me if I'm selling, it's because I've hit some triggers and I sell the entire holding. So FIFO vs. specific shares often doesn't apply. Overall, I don't think it would have too much impact on me, but I haven't thought through all the potential ramifications.
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In response to this post by PalmyraHoo)
Posted: 12/13/2017 at 5:18PM