Benefits of Year-End Tax Loss Harvesting
November 17, 2023

In a perfect world, investors would only see gains when checking their accounts. But in the real world, the stock market can be volatile and doesn’t always trade on a straight upward trajectory. No one wants their investments to decline, but when the market does trade lower, it’s possible to convert those losses into valuable tax assets. This process is called tax-loss harvesting and involves selling underperforming investments to create capital losses, which can offset current-year taxes or be carried forward. This process typically occurs at year-end when investors review their annual portfolio performance and the potential tax implications.

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PEAK Wealth_Benefits of Tax Loss Harvesting