Kiss your poor investment goodbye and get a tax break for doing it – that’s the idea behind tax-loss harvesting. It can be a smart move to make if you’re holding on to an underperforming stock or fund and you’re looking offset gains realized from selling another one of your investments.
Here’s how to maximize your upside with tax-loss harvesting and what to watch out for so that you don’t run afoul of Internal Revenue Service (IRS) rules on the practice.
What is tax-loss harvesting?
