Giving Short-Term Capital Gains in 2021
While markets took a deep cut at the beginning of the Coronavirus outbreak in the U.S. last year (fig. 1), stocks bounced back for a remarkably strong 2020 (fig. 2).
For many investors, the extension of the 2020 CARES Act is a welcome legislative decision. Much to Bob’s surprise, the tax advantages that generous investors enjoyed in 2020 can be utilized again in 2021. To give a better idea of how to take advantage of the rules around short-term capital gains taxes in the CARES Act, Bob and Bryan walk through an investing scenario.
Finally, Bob surprises everyone with a jazz vocal performance that rivals Old Blue-Eyes himself.