Investor Education | Harvest Time for Investors

At this writing, the prospects for tax reform that would become effective in 2018 are uncertain. But that does not mean investors should sit on the sidelines.

In particular, absent other circumstances, you may "harvest" capital losses from sales of securities at year-end to offset capital gains realized earlier in the year. Any excess may offset up to $3,000 of ordinary income before it is carried over to next year.

Conversely, if you realized capital losses previously, you might harvest high-taxed capital gains what would be absorbed for tax purposes by those losses.

This newsletter/advertisement is produced for our clients, friends and associates through an arrangement with WPI Communications, Inc. for the representatives’ use. Although the editorial content is professionally researched, written and edited, neither our firm nor any of its agents, representatives or associates make any representations regarding the accuracy of the content or its applicability to your situation. The information in this communication is not intended as tax or legal advice. In accordance with IRS Circular 230, the information provided herein may not be relied on for purposes of avoiding any federal tax penalties. Any tax advice contained in the body of this material was not intended or written to be used, and cannot be used, by the recipient for the purpose of 1) avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, or 2) promoting, marketing or recommending to another party any transaction or matter addressed herein. You are encouraged to seek tax or legal advice from an independent advisor.

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