Tax Loss Harvesting - is worth doing it?
Tax Loss Harvesting - Long term and short term capital gains tax in US is explained with examples. Who can take advantage of Tax loss harvesting is explained as well.
00:00 Intro
00:46 Capital gains tax in US
01:56 Examples for capital gains tax
03:58 Handling losses
04:55 Example for handling losses
05:54 Tax Loss Harvesting
06:05 Example for Tax loss harvesting
06:38 Wash Sale Rule
07:36 Not real tax savings, but just tax deferral
09:06 Tax Loss Harvesting strategies
10:09 Rebalancing Portfolio
Spreadsheet used in the episode (Copy to your account to use it - File - Make a Copy):
docs.google.com/spreadsheets/...
Instructions to copy the file:
If you are using mobile, click the three dots in the top right corner, then export & Share and then make a copy. That will copy the file to your account so that you can edit. If you are in a desktop computer, go to File - Make a Copy to copy the file.
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DISCLAIMER:
The content of this video is my own opinions and is for information purposes only. It is not intended as a substitute for professional financial advice. It is only intended to provide education about investments.
Пікірлер: 23
Great Content
Thanks Vijay. Very interesting. Few points to comment. 1. If you have multiple brokerage account, security bought in one ac and selling same security in other account is considered as wash sale. 2. Selling a security and buying a call as part of option is also considered wash sale as part of IRS. 3. Another strategy is to offset the short term loss to reduce your taxable rate based on predictable income this or next future years
Great insightful videos Vijay! Thank you. Regarding wash sale, I believe, it also applies to trades within 30 days before in addition to trades within 30 days after the sale of securities to harvest losses.
Nice video. Pls make a video on claiming NRE interest in USA taxes as foreign income😊
Thanks for great content. How about buy today and sell previous bought same asset that had loss still consider as wash sale ? Will sell by selecting previous bought lot. Will it be a wash sale event ?
@InvestmentInsightsEnglish
Жыл бұрын
Yes, it is still wash sale. The buy should not have happened 30 days before and after sale of loss.
Vijay, Very nice video as always. Thanks! I have a question regarding wash sale. Can I sell a stock for loss in brokerage account (for tax savings) and buy the same stock in IRA account within 30 days to avoid wash sale?
@InvestmentInsightsEnglish
Жыл бұрын
No. We cannot do that. Wash sale is applicable for all the accounts in the family, including retirement accounts.
Thanks, I am a NRI from gulf, investing and trading in US market. Could you please explain the applicable taxes.
@InvestmentInsightsEnglish
Жыл бұрын
As far as I know, you do not have any US capital gain taxes.
Do you have video for back door roth and steps to do with tax filing
@InvestmentInsightsEnglish
Жыл бұрын
It is not covered in English channel yet, but it is in Tamil channel as part of IRA/Roth IRA episode: kzread.info/dash/bejne/iayqx6empa28gbw.html Also check the description of that episode to see related information on backdoor Roth IRA.
Great content sir. This is a huge help 🙏🙏🙏 is this also applicable for the other investment options such as iBonds we hold along with ETFs. This is a great service sir 🙏🙏
@InvestmentInsightsEnglish
Жыл бұрын
Taxation is different for iBonds. The interest from ibonds will be added to our income and will be taxed. In that regard, it is like short term capital gains.
@RajagopalSankaranarayanan
Жыл бұрын
Thank you sir 🙏🙏
sir can you put video for indian income tax
@italianoftheeast2481
2 ай бұрын
He's not an Indian from last year
Do you have any long term capital gain tax exemption like in India here?
@InvestmentInsightsEnglish
Жыл бұрын
No, we don't.
Can i sell crypto also as part of Wash sale??
@InvestmentInsightsEnglish
Жыл бұрын
Crypto does not have wash sale rule as it is not considered as security by IRS. www.sofi.com/learn/content/cryptocurrency-wash-sale-rule
@KarthikAnand26
Жыл бұрын
Thanks for confirming sir...But i can still show its losses and carry it forward in capital losses??
Sir Pls tamil vedio podunga. Indian peoples ஐயும் பண்ணுங்கள்