Tax-Loss Harvesting
In one sentence: Selling investments at a loss to offset taxable gains.
What it means
Up to $3,000 of net loss per year can offset ordinary income. Watch the wash-sale rule — buying back within 30 days disallows the loss.
In one sentence: Selling investments at a loss to offset taxable gains.
Up to $3,000 of net loss per year can offset ordinary income. Watch the wash-sale rule — buying back within 30 days disallows the loss.