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December 13, 2024
Question

How can I use tax loss harvesting thru turbo tax

  • December 13, 2024
  • 1 reply
  • 0 views
Do I have to wait for tax season? Is there a form I need?

    1 reply

    rjs
    Employee
    December 15, 2024

    I'm not sure what you are expecting TurboTax to do. "Tax loss harvesting" is simply selling some investments at a loss in order to offset gains on other investment sales. All you do on your tax return is report all the sales, both the gains and losses. Capital losses will automatically offset capital gains. There is nothing special on the tax return.


    You can't wait until tax season. All of the sales have to be done in the same year.