Capital Gains

Watch Out for the Wash Sale Rule When Harvesting Losses

With the end of the year upon us, many investors are looking for opportunities to reduce tax liabilities by harvesting losses. As you’re considering selling assets, however, one important regulation to keep in mind is the Wash Sale Rule, in which the IRS can disallow a tax deduction for a security. A wash sale occurs…

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6 Things to Know About Harvesting Capital Losses

As we head into the last eight weeks of the calendar year, most advisors are starting to check boxes on their end-of-year client task list. There are certain items that need to be completed by December 31 to avoid tax penalties, including taking required minimum distributions (RMDs), completing Roth IRA conversions and more. One of…

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