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2. Tax loss harvesting - Wikipedia

   en.wikipedia.org/wiki/Tax_loss_harvesting

   If marginal rates are different, then there can be additional tax savings (e.g., deducting excess losses against a higher ordinary income rate in one year in exchange for additional long term capital gains tax at a lower rate in a later year) or even a tax penalty (e.g., deducting at a lower capital gains tax rate in several years in exchange ...

3. 6 Common Mistakes To Avoid If You Are Harvesting Year-End Tax ...

   www.aol.com/6-common-mistakes-avoid-harvesting...

   The wash sale rule prohibits investors from taking a loss on a security and replacing it with a “substantially identical” security in the 30 days before or after the sale, according to Fidelity.

4. Vanguard Evaluates Tax-Loss Harvesting Strategy to Offset ...

   www.aol.com/vanguard-evaluates-tax-loss...

   The Wash Sale Rule bans the practice of harvesting tax losses then purchasing assets that behave substantially identically within 30 days. The purpose of this rule is to prevent you from ...

5. Wash sale - Wikipedia

   en.wikipedia.org/wiki/Wash_sale

   This allows investors to lower their tax amount with the use of investment losses. [5] Wash sales and similar trading patterns are not themselves prohibited; the rules only deal with the tax treatment of capital losses and the accounting of the ongoing tax basis. Tax rules in the U.S. and U.K. defer the tax benefits of wash selling at a loss.

6. What Tax Loss Harvesting Is and How to Use It to Reduce Gains

   www.aol.com/tax-loss-harvesting-reduce-gains...

   If you take a loss on a security, you can’t buy the same or a “substantially identical” security 30 days before or after the sale. If you do, you trigger a wash sale, and your loss on the ...

7. Tax-loss harvesting: How to turn investment losses into ... - AOL

   www.aol.com/finance/tax-loss-harvesting-turn...

   Tax-loss harvesting is the process of writing off the losses on your investments in order to claim a tax deduction against your ordinary income. To claim a loss on your current year’s taxes, you ...

8. How to deduct stock losses from your taxes - AOL

   www.aol.com/finance/deduct-stock-losses-taxes...

   A wash sale occurs when you take a loss on an investment and buy a “substantially identical” investment within 30 days before or after. If you try to claim a wash sale as a deduction, the IRS ...

9. How to make use of tax-loss harvesting to lower your tax bill

   www.aol.com/finance/tax-loss-harvesting-lower...

   If an equity is sold at a loss by year-end in 2022 but bought back in the first 30 days of trading in 2023, it no longer counts as a loss. This means the capital gain wouldn’t be canceled out.