Planning Briefs
Sowing Tax Seeds For Capital Gains
Published Tuesday, April 18, 2017 at: 7:00 AM EDT
Most investors know all about the tax reasons for "harvesting" capital losses. But if you're considering a sale of assets that have gained in value, keep in mind that harvesting long-term capital gains can offer tax advantages as well.Capital gains and losses from securities transactions, as well as other dispositions of capital assets, are used to offset each other. Thus, if you're showing a net capital gain for the year, you might realize a loss, especially at the end of the year. The loss can negate the gain plus up to $3,000 of highly taxed ordinary income. And any leftover...
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