September 2024

Tax loss harvesting is a tax strategy used to systematically or opportunistically sell specific securities at a loss to offset prior or planned realized capital gains. Tax loss harvesting reduces taxable capital gains or, in some cases, other types of income. In this piece written by our Invesment Operations Manager, Laurie Shandley, an overview of how tax loss harvesting works and the benefits and considerations when using this strategy are outlined.

DISCLAIMER: The information provided here is general in nature and is shared for information purposes only; nothing herein should be interpreted as investment or tax advice. Any and all tax laws and/or specific tax rates referenced are subject to change. It should not be assumed that the future performance of any specific investment or investment strategy will be profitable. Always consult your CPA/tax advisor/attorney (or reach out to us;) to discuss your specific situation. All investments carry the risk of loss, including the permanent loss of principal. Past performance is no guarantee of future results. This information is as of September 1, 2024 but may be subject to change in the future.