8 min
Understanding How To Harvest Losses Your Retirement Playbook
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- Investing
You can capture a loss by selling your shares in one company and buying shares in another similar company. It keeps us from being trapped. Keep in mind though, when we talk about a capital loss, it never deals with an IRA or a 401(k). There are rules to harvesting losses. You can use all of your losses, up to all of your gains, plus an additional $3,000. The losses never run out. From a tax stand point, if you file a joint 1040 it represents a spouse and spouse relationship. So if one spouse dies, half of those capital losses disappear.
Connect with Financial Enhancement Group:
Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup
Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits
Visit our website at www.yourlifeafterwork.com
We would love to answer your questions on air!
Give us a call at 800-928-4001 or send them to TalkToFEG@yourlifeafterwork.com
You can capture a loss by selling your shares in one company and buying shares in another similar company. It keeps us from being trapped. Keep in mind though, when we talk about a capital loss, it never deals with an IRA or a 401(k). There are rules to harvesting losses. You can use all of your losses, up to all of your gains, plus an additional $3,000. The losses never run out. From a tax stand point, if you file a joint 1040 it represents a spouse and spouse relationship. So if one spouse dies, half of those capital losses disappear.
Connect with Financial Enhancement Group:
Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup
Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits
Visit our website at www.yourlifeafterwork.com
We would love to answer your questions on air!
Give us a call at 800-928-4001 or send them to TalkToFEG@yourlifeafterwork.com
8 min