Hello all, the end of the year is coming up fast. We have to act now if we’re going to do this at all. In Non-Retirement investment accounts, the law still allows for a $3,000 tax loss expense if we can capture it before the end of the year. It’s referred to as tax loss harvesting.
In 1978 they set this at $3,000 and have not bumped it up since. This is a trajesty because inflation has nearly wiped it out over time. But, it’s still a small tax perk we can look for before year end. If we can look at your specific investment accounts and see that there is a loss to harvest, now would be a good time for us to do that. We will do it for you.
We try our best to do this during the year, but we don’t always get it done for everyone on time. All you have to do is simply send me a quick note back and we will take a look and get back to you with what we suggest.
Thank you so much,