Tax-Loss Harvesting & Tax-Gain Harvesting

Please visit my website for the full video transcript: https://tanphan.com/blog Connect with me on LinkedIn: https://www.linkedin.com/in/tanmphan TAN Wealth Management Tax harvesting breaks down into two forms: tax-loss harvesting and tax-gain harvesting. The goals of tax-loss harvesting and tax-gain harvesting are to reduce your overall tax liability, avoid or reduce paying taxes on your investments gains, and increase your after-tax returns. TAX-LOSS HARVESTING - What is tax-loss harvesting? - How is tax-loss harvesting done in practice? - What is the tax benefit? - What are the benefits associated with tax-loss harvesting? - Capital losses benefit in the following order. - The disadvantages of tax-loss harvesting. - Other information we should know related to tax-loss harvesting. - Wash Sale Rules. - Tax-loss harvesting works on taxable accounts. - Common mistakes to watch out for when doing tax-loss harvesting. - Tax-loss harvesting best practice. - Capital gains and losses. - Strategy on what to do after you did tax-loss harvesting. - Summary of tax-loss harvesting. TAX-GAIN HARVESTING - What is tax-gain harvesting? - Understanding of capital gains - How do we do tax-gain harvesting in practice? - An example via TurboTax - The benefits of tax-gain harvesting - Tax-gain harvesting best practice - The disadvantages of tax-gain harvesting - Other information we should know related to tax-gain harvesting. TAX HARVESTING - Other information we should know related to tax harvesting. - Tax harvesting best practice. - Let’s review the materials by looking at 4 scenarios from worst to best. - Tax harvesting summary