I find I have $28,000 of losses in taxable accounts. VTI, and 2- REITs. (market value $238,000)
I have $117,000 of gains in VTI in another account. (market Value $257,890)
Is it reasonable to sell my $28,000 of losses and sell $28,000 of VTI gains just to pay 0% tax on the gains?
I think it's a good idea, so, is my logic correct? I have a cost basis of $140,822 and market value of $257,890 for a gain of $117,068. Sooo, 45.4% of the market value is Gain.
That means I have to sell $28,000 / 45.4% = $61,674
My question, Is it correct I have to sell $61,674 of VTI to realize a $28,000 capital gain?
Sorry,
I've been in a different thought loop for a few months and need refreshing.