Is there value in selectively selling off long-term capital gains shares over short-term shares?


For long term capital gains, you pay 0% tax rate on the first $44,625 of income from long-term capital gains. In general, should gains in non-retirement taxable accounts be harvested at regular intervals to lock in tax-free income?

In my current case I'm looking at rolling some existing assets from one thing to another so a wash sale wouldn't apply since they're not similar in nature. Also the wash rule only applies to losses, and harvesting losses at 0% tax rate would be counter productive.

I'd be making this move anyway, but my question is that I have the option of unloading the current asset in either long- or short-term holdings, and since I have ordinary income it would seem bad to sell off via LIFO as that would be taxed whereas FIFO would not.

Is there anything I'm overlooking?


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