2008 is the year to take Capital Gains if your income qualifies you for the new 0% capital gains rate for federal taxes. I’ve linked to a pretty good article that explains how it works. Basically if your income plus the capital gains you take minus itemized deductions and exemptions is less than particular amounts (see article) you could qualify to pay 0% Federal Income Tax Rate!
Read this article.
Scott Dauenhauer, CFP, MSFP, AIF