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

 

Content provided for general information. Talk to your advisor to learn about recent updates or other rules that may apply to your situation.

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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