Tax-loss harvesting is a strategy used by many investors and their advisors as a way to reduce the amount of taxes owed. Despite tax-loss harvesting being a well-established tool, it remains controversial in some respects. For example, research continues and debate is ongoing as to the amount of value tax-loss harvesting adds to investors’ returns and tax reduction efforts over time. One reason: There are multiple ways to implement tax-loss harvesting, some of which may be more beneficial than others depending on circumstances.
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