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Tax Loss Harvesting: Lower Your Taxes By Selling at a Loss


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If you're looking for ways to lower your taxes, check your investment portfolio for losses. You may be able to lower your tax bill by selling at a loss and immediately reinvesting.

What is tax loss harvesting?

Tax loss harvesting is a tax strategy where you sell an investment that's down so you can claim a capital loss. If you want to stay invested, you immediately buy a similar investment.

You can do tax loss harvesting with stocks, ETFs, mutual funds, and other types of investments.

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