At this time of year much is written about the benefits of tax-loss harvesting. Finding losers to sell, however, may be a particularly difficult undertaking this year given the market’s performance. Instead of tax-loss harvesting, today’s article looks at “another tax-harvesting strategy [that] looks to be better suited to this year’s buoyant market conditions: tax-gain harvesting.” Why would investors want…
The author of today’s article calls it “one of the more underutilized strategies for taxable investment accounts”. That strategy? Tax-loss harvesting, whereby poor performers are sold at a loss in order to offset that year’s capital gains – and lessen one’s tax burden. The author proceeds to identify areas that may offer the best opportunities to exploit the tax-loss harvesting…
While ’tis the season for spending, the author of today’s article notes that “this is also the time of year when a few simple moves could also save…some coin”, and he proceeds to outline three such moves to consider before January 1st. Move #1? Think about tax-loss harvesting (including how you can take advantage of the IRS’ “wash rule” to…