Gyroscopic Investing

Depending on your tax rate for 2012 you may pay no tax or lower tax on long term gains. There is no wash sale rule for tax gain harvesting and it may be an advantage to sell and re buy to get a higher basis so that in the future you may pay lower taxes. As for myself I have a large amount of carryover losses that would be wasted if I do this. The value of the carry over losses will increase if and when the tax rates increase. I am however considering this for my Sons PP.

http://www.bogleheads.org/wiki/Tax_gain_harvesting

Often you still have to pay state taxes on the gain.  Otherwise gain harvesting is a great idea... Probably still is.

moda0306 wrote: Often you still have to pay state taxes on the gain.  Otherwise gain harvesting is a great idea... Probably still is.

That is a good point you are making, I didn't even consider it because I live in a state with no income tax. It is also a reason that everyone needs to examine their own particular circumstance and not just go along with something that is posted.