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 How those coronavirus-fueled investment losses help cut your taxes

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How those coronavirus-fueled investment losses help cut your taxes Vide
PostSubject: How those coronavirus-fueled investment losses help cut your taxes   How those coronavirus-fueled investment losses help cut your taxes Icon_minitimeTue Mar 17, 2020 8:44 pm

  • Coronavirus fears continue to pummel equities. Stocks collapsed on March 16, with the Dow Jones Industrial Average tanking by nearly 3,000 points.
  • Work those losses to your advantage through a strategy known as tax-loss harvesting.
  • With tax-loss harvesting, you can sell the losers in your portfolio and use those losses to offset gains from elsewhere. Work with your advisor or accountant, as this isn’t for amateurs.

How those coronavirus-fueled investment losses help cut your taxes 106448274-1584459857136gettyimages-188037876

Your portfolio may be in the red, but your tax planning just might be in the green – if you know how to work those losses.

More:  https://www.cnbc.com/2020/03/17/how-those-coronavirus-fueled-investment-losses-help-cut-your-taxes.html
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