If an investor's harvested tax losses exceed their realized capital gains for a given year, they can apply up to $3,000 of those losses to offset ordinary income, or $1,500 if married filing separately.

Authors

• Person: Not available Organization: J.P. Morgan Private Bank
  Here's how to make your tax-loss harvesting strategy do more for you

Sources

• Here's how to make your tax-loss harvesting strategy do more for you privatebank.jpmorgan.com J.P. Morgan Private Bank via serper

Referenced by nodes (2)

• ordinary income concept
• capital gains concept