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Financial Planning > Tax Planning > Tax Loss Harvesting

Year-Round Harvesting Chores

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Here are several ways for advisors to be tax-aware year-round.

oSell investments with heavy losses and acquire the same or a similar investment (beware transaction costs, and carefully follow the wash sale rules)

oTake advantage of tax-efficient investments, such as ETFs

oUrge clients to consider market dips as buying opportunities

oPrudently build up clients’ capital loss carry-forwards

oAvoid the year-end rush by harvesting losses throughout the year

oConsider using sector ETFs as a way to take advantage of cyclical dips