Tax Loss Harvesting | How to Use Losses to Offset Gains

Tax-loss harvesting is the process of selling an investment at a loss, and replacing it with a similar investment.

For example, selling AT&T at a loss and buying Verizon, swapping Delta Airlines for Alaska Airlines, Coke for Pepsi, Home Depot for Lowes (you get the picture). These are not recommendations for individual stocks...

But why would someone do this? Realized losses can be used to offset realized gains. And if done correctly, the stock (or basket of stocks) that was purchased has a history of correlating highly with the stock (or basket of stocks) that was sold to minimize the risk of lost returns.

Watch this video to learn more!

Chris Kaminski, CFP®, RICP®, ChFC®, CLU®, CLTC®

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Disclosure:
The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.

The views expressed in this commentary are the opinions of Consilio Wealth Advisors and any guests, and are subject to change based on market and other conditions. The commentary and slides may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.

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