Tweet
Saw a reference to this strategy on Bogleheads:
https://www.bogleheads.org/wiki/Placing_cash_needs_in_a_tax-advantaged_account
Saw posters using this to pay off credit card bills while having no money in checking. Tax efficiency comes from qualified dividend treatment better than interest rate treatment (and a higher %). If the lots sold are at a gain, previous TLH carryforward is used to offset gains taxes. If sold at a loss you TLH.
Anyone do this with success? Thoughts?
https://www.bogleheads.org/wiki/Placing_cash_needs_in_a_tax-advantaged_account
Saw posters using this to pay off credit card bills while having no money in checking. Tax efficiency comes from qualified dividend treatment better than interest rate treatment (and a higher %). If the lots sold are at a gain, previous TLH carryforward is used to offset gains taxes. If sold at a loss you TLH.
Anyone do this with success? Thoughts?