What podcasts say about Tax Loss Harvesting Strategies
Every statement, with the speaker, the exact quote and the moment it was said.
What experts have said about Tax Loss Harvesting Strategies
6 statements · 4 positive · 2 negative
Selling losses in taxable accounts can reduce taxable income.
“If that investment is in a non-retirement account, you know, not in an IRA, a foreign K, or even an HSA, you can sell it, take the loss, and use it to reduce your taxable income.”
Open the episode · 10 Tips for Harvesting Investment LossesListen at 0:25
Investors should generally prioritize losses against short-term gains and ordinary income.
“So it's generally better to use losses to offset short-term gains and ordinary income over long-term gains if possible.”
Open the episode · 10 Tips for Harvesting Investment LossesListen at 3:16
Investors can obtain similar exposure during the wash-sale waiting period.
“That said, there are still ways to gain similar exposure to an investment while you wait for the 30 days to pass.”
Open the episode · 10 Tips for Harvesting Investment LossesListen at 7:16
Tax-loss harvesting may be unattractive if future tax rates are higher.
“So although it may be tempting to take a tax reducing loss whenever possible, you may want to resist if you expect to buy back the investment and expect to be in a higher tax bracket in the future”
Open the episode · 10 Tips for Harvesting Investment LossesListen at 13:19
Selling and repurchasing lower can increase future gains and taxes.
“when you sell a stock and then buy it back later at a lower price, you now have a lower cost basis, which could lead to a larger capital gain in more taxes later.”
Open the episode · 10 Tips for Harvesting Investment LossesListen at 13:33
Tax-loss harvesting can prompt selling losing stocks with poor outlooks or valuations.
“I think this is a good way of forcing yourself to sell some of those stocks that are losers, especially those where maybe the outlook is still relatively poor or at least the valuation is poor.”
Open the episode · 5 Stocks to Sell for Tax-Loss HarvestingListen at 25:54
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.