For some reason, I'm having difficulty understanding this article from MadFientist:
https://www.madfientist.com/tax-gain-harvesting/Can you help optimize/clarify the following situation?
Married filing jointly, W-2 income approx $83,000 minus pre-tax contributions (403b+457=$38k, pension= $7k, Health ins= $4k) Total=34k AGI
Dividends=10k
Interest=2k
Beneficiary IRA distribution=5k
Total=51k
Am I correct that I can sell shares of stocks/funds/etfs and pay 0% capital gains tax? However, I can only sell an amount of 78,750 (0% bracket) - 51k(income) or I'd have to pay capital gains on the whole amount?
Please let me know if I'm understanding this correctly or if I'm making a mistake in my assumptions regarding AGI, as well. Thanks!