Tax loss harvesting is the timely selling of securities at a loss in order to offset the amount of capital gains tax due on the sale of other securities. If you hold stocks that are currently valued at a loss, learn how selling those stocks may help you reduce your tax this year. You could even repurchase those stocks more than 30 days later if you still want to own those stocks.
Tax law changes often. This is general information, not advice for your specific situation. Talk with us before you act on it.