Case Study 1: One of the goals in private wealth is to maximize after tax returns. In other words, minimizing gains in a fiscal year, while maintaining the integrity of a portfolio. See the below client/account details to answer the questions. Client tax rates: Short Term Gain Capital Gains Tax Rate: 43.8% Long Term Capital Gains Tax Rate: 23.8% Holding period to distinguish whether capital gains are taxed at the short term vs. long term rate is 365 days from purchase. Current Year Short Term YTD Realized Gains (5,600) Long Term YTD Realized Gains 50,000 Total Realized Gains 44,400 Sample of Current Positions Symbol Security AAPL Apple WFC Wells Fargo XRX Xerox NY Municipal SNNYX Fund Trade Date 2/9/2016 1/5/2021 2/9/2017 Held 143 31 24 Unit Cost 119.52 45.45 45.53 Current Price 154.23 54.21 33.95 8/18/2018 12.043 14.15 14.09 Case Study 1: One of the goals in private wealth is to maximize after tax returns. In other words, minimizing gains in a fiscal year, while maintaining the integrity of a portfolio. See the below client/account details to answer the questions. Client tax rates: Short Term Gain Capital Gains Tax Rate: 43.8% Long Term Capital Gains Tax Rate: 23.8% Holding period to distinguish whether capital gains are taxed at the short term vs. long term rate is 365 days from purchase. Current Year Short Term YTD Realized Gains (5,600) Long Term YTD Realized Gains 50,000 Total Realized Gains 44,400 Sample of Current Positions Symbol Security AAPL Apple WFC Wells Fargo XRX Xerox NY Municipal SNNYX Fund Trade Date 2/9/2016 1/5/2021 2/9/2017 Held 143 31 24 Unit Cost 119.52 45.45 45.53 Current Price 154.23 54.21 33.95 8/18/2018 12.043 14.15 14.09