as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
would it make sense to sell a stock, then repurchase it for tax purposes?
user
what you're talking about is called "tax gain harvesting," and it is considered good tax management. from the oblivious investor, investors in the 10% or 15% bracket pay 0% tax on long-term capital gains. for an interesting take on never paying income taxes again, check out go curry cracker. you can claim up to $70,000 or so in capital gains before paying any taxes if you are the 10% or 15% tax bracket.
assistant