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It’s Harvest Season – For Your Taxes

Farmers aren’t the only people who can benefit from a strong harvest at the end of every year. Investors, whether seasoned or new to the game, can take advantage of tax-loss harvesting as part of their end-of-year tax strategy for their taxable investment portfolio.

Tax-loss harvesting is a simple way to lower current year taxable income by offsetting high capital gains through selling poor performing investments at a loss. Proceeds can be swapped into a comparable investment, invested in more attractive opportunities, or used for current cashflow needs.

Just because a stock is sold to harvest tax losses doesn’t mean an…

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