Part I of this Note will provide an introductory explanation of tax loss harvesting, followed by an introductory explanation of the Wash Sale Rule in Part II.
32) Tax loss harvesting is "the process of selling securities at a loss from their original cost, .
See infra Part I for a discussion of tax loss harvesting.
For example, financial stocks are ripe for tax loss harvesting
This can include tax deferral arrangements, daily tax loss harvesting
or other sophisticated tax planning devices.
One of the notable strengths of the SELECT Portfolios is their ability to facilitate tax loss harvesting
and other tax optimization techniques," Mr.
A core portfolio with active tax management can provide additional after-tax benefit through tax loss harvesting
and careful cash flow management.
With this data automatically uploaded into TRX, advisors can use modern portfolio theory-based rebalancing to enable tax efficiency by avoiding short-term gains, quickly detecting tax loss harvesting
opportunities, avoiding wash sales and choosing to minimize long-term taxation using location optimization features.
Patrick notes that unlike when investors use tax loss harvesting
to book a capital loss at the end of the year, there's no wash sale rule that precludes them from buying a security right back when they sell it and register a gain.
Includes tax loss harvesting
and capital management.
This backwards logic often causes people to miss year-end tax loss harvesting