When an investment in your taxable account drops below what you paid, you can sell it, claim the loss on your taxes, and immediately buy a similar (but not identical) investment. You stay invested in ...
When an investment in your taxable account drops below what you paid, you can sell it, claim the loss on your taxes, and immediately buy a similar (but not identical) investment. You stay invested in the market while reducing your tax bill. This is tax-loss harvesting -- making the government share your pain.
Lesson Locked
This Lesson Is For Paid Subscribers
Subscribe to access the full lesson, commentary, and your day-by-day course progression.