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Your worst-performing investments could help lower your tax bill. How to turn portfolio setbacks into strategic wins.
Market downturns aren’t exactly cause for celebration, but savvy investors know they present a unique opportunity to trim their tax bills. Tax loss harvesting is essentially turning your portfolio’s lemons into lemonade. You make financial lemonade using investment losses to offset taxable gains and potentially lower your overall tax burden. The concept is surprisingly straightforward: sell…
