Regarding "This means you can realize capital gains up to those thresholds and pay zero federal capital gains tax." Is that regardless of what other income you have that year? Let's say you're not fully retired or a spouse is still working. If your total household income is, say, $150k do you still qualify for the capital gains exemption?
The capital gains tax brackets are based on taxable income, so they include all other sources of income. That's why this strategy works best from a tax perspective if you and your spouse have very low or no income years, as is typical in early retirement. Hope this helps!
Regarding "This means you can realize capital gains up to those thresholds and pay zero federal capital gains tax." Is that regardless of what other income you have that year? Let's say you're not fully retired or a spouse is still working. If your total household income is, say, $150k do you still qualify for the capital gains exemption?
The capital gains tax brackets are based on taxable income, so they include all other sources of income. That's why this strategy works best from a tax perspective if you and your spouse have very low or no income years, as is typical in early retirement. Hope this helps!