For many individuals who had a great year in the stock market are now faced with the choice of cashing in the gains and paying taxes or letting it ride. For the smart calculated risk takers, the choice is easy, cash in the gains and pay Uncle Sam. For the greedy parasites, the letting it ride temptation will be uncontrollable. Personally, for me the choice is easy, pay the tax and reset the cost basis to a higher number. This will benefit you regardless if the market goes up or down.
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