If an investor lacks capital gains in a given year, they can use harvested losses to offset up to $3,000 of ordinary income per year, which includes interest, wages, dividends, and net business income.

Authors

• Person: Not available Organization: Goldman Sachs
  Tax-Loss Harvesting Strategies: How They Work

Sources

• Tax-Loss Harvesting Strategies: How They Work am.gs.com Goldman Sachs via serper

Referenced by nodes (2)

• ordinary income concept
• capital gains concept