Insights
Tax-loss harvesting, explained without the jargon
Selling an investment at a loss and buying a similar one can lower your tax bill while keeping your plan on track.
Marcus Lee, CFA
When an investment falls below what you paid, selling it realizes a loss you can use to offset gains and up to $3,000 of income each year.
The wash-sale rule
You cannot buy the same or a substantially identical investment within 30 days before or after the sale. We switch to a similar fund instead.
For general information only. This is not tax, legal or investment advice for your situation.
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