A word from David Goldberg: Year-End Trading

Year-end is a good time for us to lower our clients’ taxes by carefully structuring your capital gains and losses. The volatility in the market has created opportunities to generate (“harvest” as we sometimes say) losses which can be used to offset gains. Capital gains taxes can apply on investments, such as stocks or bonds, real estate (usually not your home), cars and other tangible items.

Losses Can Be Good

Losses offset gains. These losses carry over on your Federal Income Tax return, which can be used in the future. It’s possible you may use up to $3,000 of total capital losses in excess of capital gains as a deduction against ordinary income.

Many of you may see trading activity in your taxable accounts. As part of our process, we will frequently sell a position at a loss and buy a similar position to maintain the strategic allocation in your account.

Everyone wants to avoid a big tax bill. By harvesting losses from the sale of stocks or bonds, we can work to help you keep more of what you make. If you have any question or concerns about your strategic allocation, please don’t hesitate to call us with your concerns.

Wishing you the best of the New Year,

Stay well,

David Goldberg