Stock Losses Can Actually Be a Tax Benefit | Fox Business

By Donna Fuscaldo Published November 10, Taxes FOXBusiness. Nobody wants to lose their shirt in the stock market, nor do they want to pay the government a ton because of capital gains, which is where tax loss harvesting comes in.

Tax Loss Harvesting Time - Fidelity

Used by all sorts of investors, tax loss harvesting is a strategy in which you offset gains in the stock market by realizing losses from other investments. The market moves up and down all year.

While tax loss harvesting can be employed in any year, when there is a lot of volatility it presents a big opportunity for investors to unload their losses and reduce their tax exposure. That would have presented you with an opportunity to sell the stock and book the losses to be used to offset gains from any outperforming stocks.

Tax Implications of Multiple Buying and Selling of the Same Stock | Finance - Zacks

For one thing, if you sell a losing stock to offset gains you have to wait 31 days before you can buy it back. Quotes delayed at least 15 minutes.

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