capital gains
2 questions
- Finance
What is tax-loss harvesting?
Tax-loss harvesting means selling an investment that has lost value to realize a capital loss, which you can use to offset capital gains or reduce your taxable income — reducing the taxes you owe today while keeping your portfolio's market exposure intact.
- Finance
What is the wash sale rule?
The wash sale rule disallows a tax loss if you buy a substantially identical security within 30 days before or after the sale — a 61-day window total. The loss isn't gone forever, but it's deferred until you sell the replacement shares.