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Tax Loss Harvesting - Turning Your Loses Into Gains
Description
Today we want to go over what tax loss harvesting is. This is a high level overview of the terminology used when talking about taxes, capital gains, stock/real estate gains and loses, etc…
What is the point of investing? To buy low and sell high to grow our wealth over time. So often we see clients that have stocks they’ve held for many years that have 100+% of return and they have loses (over $3000) that year on their taxes but never received the advice to “sell high” and harvest those loses/gains. Where on a tax return do you look too find your gains and loses?
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