How Tax-Loss Harvesting Can Save You 22% or More in Taxes

Tax-loss harvesting is a proactive tax planning strategy you need to be on the lookout for, and when done right, it can save you far more taxes than you might think.



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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

[DaveSchmrdr]

No tax losses to harvest this year. I'm doing tax gain harvesting and Roth conversions to get me to the top of the 12% bracket.

[Irishkeys]

if i sell $40k in losses, do I need to sell $40k in gains to offset the losses?

[annddyyy-]

One of the most beautiful feelings in life is being able to afford everything you need in life. I have tasted what it means to be b r o ke and I can tell it’s not something you wish for anyone. Thanks to Larysa Caba, I don’t have to experience that kind of life anymore. I’m grateful and I will always be.

[HDK]

QQ. If I make 15k and loss 10k. Do I have to pay tax on the entire 15k?