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#694 - Can I Avoid Paying Capital Gains Tax?
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:03:09
- More information
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Synopsis
Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be answering the question, “Can I avoid paying capital gains tax?” The simple answer to this is yes, there’s a lot of ways that you can avoid paying capital gains tax depending on the type of investment vehicle you’re using, whether it’s a ROTH account or a 401K account or a SEP account. You could avoid paying capital gains tax for marital residences when you sell your primary residence and you have a capital gain on real estate. There’s a lot of ways to do it. In the world of trading, one of the ways that you can avoid paying capital gains tax obviously is just to never sell, to never sell your positions. This is actually one of the default positions I think for Warren Buffett, is he avoids a lot of taxation because he just doesn’t sell a lot of his positions. Now, the flipside to this is you have to be in it for the long haul, so long of a haul that you have to be a much bigger believer in passi