Tax Tips: What is tax loss harvesting, plus the best ways to use it

Описание: Tax season is here, lasting until April 15, and American taxpayers are curious as how to save more on their investments. Goldman Sachs Asset Management Managing Director Aron Kershner explains the fundamentals of tax loss harvesting and how to file separately managed accounts (SMAs).
"You sell a security at a loss. Those losses can be used to offset realized gains that are incurred in other parts of the investor's portfolio that might be sold for a profit," Kershner says. "So the net effect is that this allows investors to keep more money invested, growing and compounding with the market over time. It's a core strategy we see investors deploying, not just this time of year, but typically year-round."
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