Any word on any proposed changes to the current 2008 Capital Gains rate (0% for lowest bracket)?
I have kids college tuition due in January, and will need to sell some stocks. I have enough tuition tax credit from this year that I could sell before Dec 31 & pay no Capital Gains tax...but I would rather do a Roth conversion of the equivalent amount and defer stock sales to January.
Is it likely that if Congress changes CG tax rates during 2008, it would be retroactive to the whole year? [Yes, I know they CAN do anything they WANT...but opinions on likelihood are welcome.]