How to Harvest Gains & Losses on Fidelity

Описание: Want to take control of your tax situation and potentially pay 0% on your investment gains? In this step-by-step tutorial, I'll show you exactly how to use capital gain harvesting and capital loss harvesting on Fidelity to reduce your tax bill and keep more of your money.

What You'll Learn:
How to identify long-term vs. short-term gains and losses in Fidelity
Step-by-step instructions for selling specific shares to harvest gains or losses
How to read your 1099-B form to understand your realized gains and losses
The strategy for raising your cost basis to reduce future taxes
When to use capital losses to offset gains or income

Why This Matters:
If you're in the right tax bracket, you could literally pay 0% tax on your long-term capital gains. That's free money back in your pocket. And if you have losses, you can use them to offset gains or even reduce your taxable income. This is one of those strategies that sounds complicated but is actually super simple once you see how it works in practice.

Resources & Links
IRS Capital Gains Tax Brackets: https://www.irs.gov/taxtopics/tc409
Financial Planning for Young Adults Podcast: ‪@FPYApod‬

Timestamps:
[00:00] Introduction to capital gain and loss harvesting
[01:01] How to find gains and losses in your Fidelity account
[02:00] Step-by-step: Selling specific shares for capital gain harvesting
[03:00] How to raise your cost basis for future tax savings
[03:34] Capital loss harvesting process
[04:00] Understanding your 1099-B tax form

Want Help With Your Tax Strategy?
If you'd rather have someone walk you through this for your specific situation, leave a comment below or send me an email. I'd be happy to set up a time to see how capital gain or loss harvesting could benefit you.

Email: [email protected]