A 64-year-old technology executive owns $1.6 million in one stock. The wrong size could cost $400,000.
Quick reading Selling $1.36 million in built-in profits in one year triggers the 20% federal LTCG rate, 3.8% NIIT and state taxes, representing a variance of more than $400,000 compared to smarter roads. Spreading sales over four years of retirement keeps most profits at the 15% federal level, typically saving six figures in taxes compared…