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The Wash-Sale Rule | Tax Loss Harvesting

Welcome to another installment of our Tax Alpha Video Series. As taxpayers approach year end, they may be thinking about tax-loss harvesting, which can be a great way to offset capital gains.

Tax loss harvesting is a tax planning strategy that sells investments with unrealized losses to reduce taxable income and to offset capital gains. However, there are some IRS rules that have to be taken into consideration to use this tax planning strategy correctly.