Avoiding taxes with shares
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torrance
Apprentice
Joined: 05 Aug 2005
Posts: 6
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 Posted: 04/26/08 - 07:35 Post subject: |
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| Hello everybody. I have a certain problem. You probably know that every one of us need to pay taxes for holding shares. If you dont have enough profit to pay tax for it than you have to pay fees for dividend distribution. If not that then etc. I was wandering is there any way to avoiding taxes with shares? |
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elmore
Apprentice
Joined: 24 Sep 2004
Posts: 3
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| Posted: 05/26/08 - 01:05 Post subject: |
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| Well we really know the problem you are having. Maybe you should consider investments in the retirement accounts. Those investments are sheltered from taxation. The exception is if you want to withdraw funds. The other way can be to sell some shares. You will save some taxes if you sell recently bought shares because for them you probably paid higher price. For a specific circumstances there are specific solutions so I advise you to talk with your financial adviser. |
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