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Why recent market turmoil might be a good thing for your tax bill

Source: https://cnbc.com/2018/11/15/why-recent-market-turmoil-might-be-a-good-thing-for-your-tax-bill.html - Nov 15, 2018

If this fall’s market turbulence is giving you vertigo, here’s a thought that might make you feel a little better: your losses could help you save on 2018 taxes.

Say hello to tax-loss harvesting.

If you have a taxable account, this strategy allows you to sell stocks, bonds and other investments that have fallen in value so that you can offset capital gains from holdings that you’ve sold that rose in value.

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Category: General Business