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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (162300)	9/5/2020 8:59:57 PM
From: Snowshoe	Respond to of 217928

re "what are we to do?" Tell them about "tax-loss harvesting" ... ;) 5 Important Things Robinhood Investors Need to Know About Taxes fool.com 4. Selling losing investments can help lower your tax bill Unfortunately, not all investments will be winners. However, it's important for investors to know that if you sell stocks at a loss, you can use those losses to offset any capital gains tax you owe on profitable stock sales. If your losses exceed your gains, you can use the excess to reduce your other taxable income by as much as $3,000 per year. To use losses to offset taxable gains that took place in 2020, you'll need to sell losing positions by the end of the year. This strategy is known as tax-loss harvesting, and if you're sitting on any stock investments that just didn't go your way, keep it in mind as the end of 2020 approaches.