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My annual income this year is low enough to take advantage of gains harvesting on some long-term stock share profits to reset the cost basis for a portion of my overall holdings. The share amounts and purchase dates/prices are:

Purchase Date           Shares           Price
6/30/2006                182             $6.95
 
6/29/2007                 84             $10.30

The stock is currently trading at ~$200 and I'll be looking to harvest about $20K worth.

  1. Is there any reason why I would want to reset the cost basis on the 2006 shares vs the 2007 shares?

  2. When harvesting, is there a generally a time limit on how long you can wait, after selling, to re-purchase the stocks?

My annual income this year is low enough to take advantage of gains harvesting on some long-term stock share profits to reset the cost basis for a portion of my overall holdings. The share amounts and purchase dates/prices are:

Purchase Date           Shares           Price
6/30/2006                182             $6.95
 
6/29/2007                 84             $10.30

The stock is currently trading at ~$200 and I'll be looking to harvest about $20K worth.

  1. Is there any reason why I would want to reset the cost basis on the 2006 shares vs the 2007 shares?

  2. When harvesting, is there a generally a time limit on how long you can wait, after selling, to re-purchase the stocks?

My annual income this year is low enough to take advantage of gains harvesting on some long-term stock share profits to reset the cost basis for a portion of my overall holdings. The share amounts and purchase dates/prices are:

Purchase Date           Shares           Price
6/30/2006                182             $6.95
6/29/2007                 84             $10.30

The stock is currently trading at ~$200 and I'll be looking to harvest about $20K worth.

  1. Is there any reason why I would want to reset the cost basis on the 2006 shares vs the 2007 shares?

  2. When harvesting, is there a generally a time limit on how long you can wait, after selling, to re-purchase the stocks?

2 removed thanks
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My annual income this year is low enough to take advantage of gains harvesting on some long-term stock share profits to reset the cost basis for a portion of my overall holdings. The share amounts and purchase dates/prices are:

Purchase Date           Shares           Price
6/30/2006                182             $6.95

6/29/2007                 84             $10.30

The stock is currently trading at ~$200 and I'll be looking to harvest about $20K worth.

  1. Is there any reason why I would want to reset the cost basis on the 2006 shares vs the 2007 shares?

  2. When harvesting, is there a generally a time limit on how long you can wait, after selling, to re-purchase the stocks?

Thanks!

My annual income this year is low enough to take advantage of gains harvesting on some long-term stock share profits to reset the cost basis for a portion of my overall holdings. The share amounts and purchase dates/prices are:

Purchase Date           Shares           Price
6/30/2006                182             $6.95

6/29/2007                 84             $10.30

The stock is currently trading at ~$200 and I'll be looking to harvest about $20K worth.

  1. Is there any reason why I would want to reset the cost basis on the 2006 shares vs the 2007 shares?

  2. When harvesting, is there a generally a time limit on how long you can wait, after selling, to re-purchase the stocks?

Thanks!

My annual income this year is low enough to take advantage of gains harvesting on some long-term stock share profits to reset the cost basis for a portion of my overall holdings. The share amounts and purchase dates/prices are:

Purchase Date           Shares           Price
6/30/2006                182             $6.95

6/29/2007                 84             $10.30

The stock is currently trading at ~$200 and I'll be looking to harvest about $20K worth.

  1. Is there any reason why I would want to reset the cost basis on the 2006 shares vs the 2007 shares?

  2. When harvesting, is there a generally a time limit on how long you can wait, after selling, to re-purchase the stocks?

1
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Tax-Gains Harvesting: which shares to sell

My annual income this year is low enough to take advantage of gains harvesting on some long-term stock share profits to reset the cost basis for a portion of my overall holdings. The share amounts and purchase dates/prices are:

Purchase Date           Shares           Price
6/30/2006                182             $6.95

6/29/2007                 84             $10.30

The stock is currently trading at ~$200 and I'll be looking to harvest about $20K worth.

  1. Is there any reason why I would want to reset the cost basis on the 2006 shares vs the 2007 shares?

  2. When harvesting, is there a generally a time limit on how long you can wait, after selling, to re-purchase the stocks?

Thanks!