Episode 105: No Democratic Sweep? Some Final Tax Strategies Of 2020

What can you still do before the year ends? David talks through four strategies that you’ll want to consider before the clock strikes midnight on December 31.

 

Read more and get additional financial resources here: 

https://coveryourassetskc.com/episode-105-no-democratic-sweep-final-tax-strategies-of-2020/

 

What we discuss on this show: 

0:23 - This is our final show of 2020. Ready for 2021!

3:43 - Biden will be taking over the presidency, but we don’t know yet about the Democratic sweep.

6:47 - Make sure you know where you stand from a gain/loss standpoint and consider tax loss selling.

8:57 - Are there long-term capital gains in your portfolio that you want to harvest?

13:09 - The Roth conversion deadline for 2020 is December 31. 

17:35 - What do you need to know about the gift tax?