Tax Gain Harvesting Reddit. First, the determination of whether your taxable income is low enough to qualify for the 0 percent capital gains rate includes the gain itself. It's a crummy argument for many reasons, but let's listen to someone make it.
For single filers, the threshold is $200,000, while married filing jointly is $250,000 (2021 tax rules). Crypto tax loss harvesting can help you pay less tax on your crypto investments. So it would be a tough sell to say they are not substantially identical.
For Those In The Highest Tax.
I will be filing married filing jointly with 2 additional dependents. Second, vtsax and vti are two share classes of the same investment company. For single filers, the threshold is $200,000, while married filing jointly is $250,000 (2021 tax rules).
So It Would Be A Tough Sell To Say They Are Not Substantially Identical.
How does tax gain/loss harvesting work? With the prolonged bull market in 2021 quickly followed by the swift bear market at the start of 2022, many investors. What is tax loss harvesting?
It Was More Aggressive In 2018 And 2019 In Harvesting Losses.
This loss reduces the taxable gain. Tax gain harvesting is free or close to it and doesn’t require a platform, like betterment. It’s not a huge number, but it is definitely very beneficial for a lot of people and it’s worthwhile to at least get that $3000 a year.
With Tax Gain Harvesting, You Can Repurchase The Lots Immediately.
There is no taxable gain if the transaction results in a net loss (i.e., excess loss). 5 rows reddit understanding tax loss / tax gain harvesting. Second, if you donate your stock to charity, specifically the shares with the lowest basis / highest gain, you take a charitable deduction on the full amount.
Me And My Wife Claim Our Taxes Jointly.
If this tax applies, you’ll pay an extra 3.8% in taxes on investment income above the threshold. Thanks for taking the time to read. A total market and s&p 500 fund track a different index and some use.