There are 40 days left to manage your tax picture for 2012. This is a critical year with the "fiscal cliff" fast approaching. Taxes are going up unless Congress acts during the remainder of this year. The capital gain rate is scheduled to rise to 20% starting in 2013. Should you sell your stock in Apple and lock in the lower tax rates? An excellent question that has many parts to analyze. My opinion is maybe depending on your situation.
Are you planning on selling your Apple shares in 2013? Do you have a capital loss carryover that will offset the gain? Are you subject to Alternative Minimum Tax (AMT)? These are all questions you should ask yourself. I recommend you talk with your tax advisor to determine the best course of action for you.
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