Nov 1
Got Crushed in the Market? Harvest Losses to Lower Taxes By By Alexis Leondis - ThinkAdvisor
There’s no sugarcoating the stock market’s 20% plunge, but there is a small consolation prize: You have one of the best opportunities in years to lower your tax bill.
That’s because the U.S. tax code allows investors to sell poor-performing stocks and use those investment losses to offset capital gains from selling better-performing assets, such as stocks, bonds, a home or business.
