Do you do any charitable donation? You could use a donor advised fund to sell the appreciated assets into an account tax-free.
Yes. This. I don't even have a DAF, but I tithe to my church via donation of appreciated shares. It's mutually beneficial. Then I just buy the same amount I donated. A beautiful and easy way to reset the basis.
We do about $15k/year but this single ETF holding is worth over a million, so not sure if DAF makes sense here in regards to the relative magnitude. I guess I could be more generous.
Yeah it’s definitely a “good problem”
I don't know about ETFs, specifically, but I do my DAF through fidelity, and they've been able to take subsets of individual stocks and mutual fund shares, even ones not held by Fidelity. If you're doing 15K per year in after-tax income going to charities, I would think you could do that amount via appreciate shares in the ETF via a DAF and come out ahead by the percentage of your effective tax rate (since you're using after-tax money to make the donations currently?). There are a few rules around how much of the DAF you have to give away in a given year (so you'd make an annual transfer of the shares, rather than all at once; a tax professional could easily clarify all this). Prior to transitioning all my appreciated assets to my home construction project (eh hem...), I would sell 10-15K of various stocks or funds per year into the DAF and then "grant" those proceeds to my various liberal-leaning, left-wing crackpot charities. The DAF interface made it very easy to be sure I was giving to qualified charities and keeping the paper trail up to date.
Don’t worry, you can make it back with his cryptocurrency
You for real? All in? How much are we talking? Tens of thousands? Hundreds of thousands? Millions?
Billions. Nobody has ever seen anything like it before.
Why is VOO outperforming the S&P?