Year End - Tax Harvesting Financial Matters with Richard Oring

There are many things you should consider when it comes to end-of-year tax planning, but today Rich and Jag are focusing on Tax Loss Harvesting.To understand tax loss harvesting, we will want to define terms. Rich walks us through cost basis, capital gains (long and short term), capital losses (long and short term), carry-over losses, and the Wash Rule.Tax loss harvesting is when you take your investment losses for the year and use them to offset your investment gains, lowering your tax...