Tag: unrealized losses

Selling securities by year end? Avoid the wash sale rule

October 23, 2019 October 22, 2019 Tax Department Tax Bites investment, tax liability, unrealized losses

If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale” rule. How the rule works Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the[ … ]

Reduce taxes on your investments with these year-end strategies

December 9, 2015 Tax Department Tax Bites MAGI, NIIT liability, reduce taxes, retirement plan contributions, tax consequences, tax saving strategies, unrealized losses, wash sales, year-end tax strategies

While tax consequences should never drive investment decisions, it’s critical that they be considered — especially by higher-income taxpayers, who may be facing the 39.6% short-term capital gains rate, the 20% long-term capital gains rate and the 3.8% net investment income tax (NIIT). Holding on to an investment until you’ve owned it more than one[ … ]

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