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TAN Wealth Management
Tax harvesting breaks down into two forms: tax-loss harvesting and tax-gain harvesting. The goals of tax-loss harvesting and tax-gain harvesting are to reduce your overall tax liability, avoid or reduce paying taxes on your investments gains, and increase your after-tax returns.
TAX-LOSS HARVESTING
- What is tax-loss harvesting?
- How is tax-loss harvesting done in practice?
- What is the tax benefit?
- What are the benefits associated with tax-loss harvesting?
- Capital losses benefit in the following order.
- The disadvantages of tax-loss harvesting.
- Other information we should know related to tax-loss harvesting.
- Wash Sale Rules.
- Tax-loss harvesting works on taxable accounts.
- Common mistakes to watch out for when doing tax-loss harvesting.
- Tax-loss harvesting best practice.
- Capital gains and losses.
- Strategy on what to do after you did tax-loss harvesting.
- Summary of tax-loss harvesting.
TAX-GAIN HARVESTING
- What is tax-gain harvesting?
- Understanding of capital gains
- How do we do tax-gain harvesting in practice?
- An example via TurboTax
- The benefits of tax-gain harvesting
- Tax-gain harvesting best practice
- The disadvantages of tax-gain harvesting
- Other information we should know related to tax-gain harvesting.
TAX HARVESTING
- Other information we should know related to tax harvesting.
- Tax harvesting best practice.
- Let’s review the materials by looking at 4 scenarios from worst to best.
- Tax harvesting summary
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