In another post, I’ve written about using capital losses to offset capital gains to help manage your income tax bill. But, to a limited extent, you can deduct capital losses from ordinary income. This can be useful if your ordinary...
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What Is Tax Loss Harvesting?
One of the features of the federal income tax code is that it allows you to use capital losses to offset capital gains, and in some cases, ordinary income. Doing this allows you to lower your taxable income and therefore...
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