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Tax-Loss Harvesting: A Step-By-Step Guide
Savvy investors are always looking for ways to reduce their tax burdens. Although no one can completely avoid taxes, harnessing the power of tax-loss harvesting is one smart way to save.
No one buys an investment with the expectation that it will lose money. But tax-loss harvesting provides a unique opportunity to benefit from downturns when they occur.
Through tax-loss harvesting, you can use losing investments to offset your realized capital gains and/or some of your ordinary taxable income. Keep reading to learn all about how it works!
The skinny
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