Are you interested in investing or do you already? you might not be doing everything you wished that you were when it comes to making investments, but there are some opportunities that you just don’t want to miss when it comes to getting things you want in life. This is one of those, and “Time for investors to get off the couch and grab this key tax break” reveals a tax break you might want to know of…
Key Takeaways:
- Harvesting tax losses is something most investors know about. But like dieting and exercise, it is easy to put off.
- Most ordinary investors use mutual funds and exchange-traded funds rather than individual stocks.
- The loss can be subtracted from gains on other investments sold during the year to reduce taxes, “carried forward” to offset gains in the future.
“While losses can be taken anytime during a year, November and December are common because the year’s investing results are pretty clear.”
http://www.cnbc.com/2016/11/18/stock-investing-enters-its-crucial-tax-planning-time-of-year.html
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