Harvesting market losses is a great way to lower your tax bill. But don’t violate this key rule Written By Written by Contributor, Buy Side Anna-Louise Jackson is a contributor to Buy Side and an ...

At the beginning of this series, I mentioned briefly that taxpayers can use tax-loss harvesting approaches in tandem with a number of investment strategies, which we will go into in more detail in ...

Heavy traders may assume they’ll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule. At the height of the pandemic born meme stock boom in ...

Question: To offset my 2024 capital gains, I sold off a tranche of stock in a loss position in late December to avoid owing taxes. I repurchased most of that stock in January because I believed that ...

Stock market has been in a downtrend, but still up for the year; investors may be considering harvesting losses to offset gains and save on taxes for 2023. The IRS Wash Sale rule prevents taxpayers ...

・Tax-loss harvesting lets investors use losing investments to offset capital gains and reduce taxable income. ・The strategy only works in taxable accounts (not 401(k)s or IRAs). ・Understanding the ...

If you sold stock in December to reduce your taxable income and replaced the stock shortly thereafter, your loss may not be deductible. Make sure that your loss isn't disallowed under the IRS wash ...