I’m aware of tax-loss harvesting — selling losing investments at year’s end to offset capital gains — but I failed to pull the trigger in December because I didn’t understand the idea well enough to implement a strategy.
Planning ahead for next year, I asked ChatGPT to outline the concept of tax-loss harvesting, but to dumb it down as if a 12-year-old were asking, and it delivered this “no suits, no spreadsheets” overview.
