<h1>How to Legally Avoid Paying Taxes on Stock Profits</h1>
Hey Dad, did you find a way to avoid paying taxes on the stock you just sold for a profit?
Yep, here’s how.
I sold stock A and locked in a $10,000 profit. Because the market's down, I found a stock, stock B, and sold that for a $15,000 loss. I used $10,000 of that loss to completely offset the $10,000 gain from stock A.
What about the additional $5,000 loss?
We'll use $3,000 of that to offset $3,000 of my regular income this year. I’ll use the remaining $2,000 to offset $2,000 of my regular income next year.
Is this just something you can do because you have a lot of money?
Nope! With a $1 capital gain, just lock in a $1 loss. No taxes.
Where did you learn about this?
I just follow Social Cat. He makes complex finance seem easy.