Tax Series Pt 6: How stocks LOSING value may be a BIG WIN for your taxes! #315

Docs Outside The Box

Docs Outside The Box
Tax Series Pt 6: How stocks LOSING value may be a BIG WIN for your taxes! #315
Sep 12, 2022 Episode 315
Dr. Nii Darko

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On this tax tip, Nii delves into tax loss harvesting with Eric McGlothen, CPA and Founder of Eric McGlothen, LLC.  Eric breaks down how investors can offset gains with losses and the rules that apply to taxable income, stocks, and crypto assets.
 
Things to expect in this episode:

  • What is Tax - Loss harvesting
  • The goal is not to have any taxable income
  • How tax loss harvesting impacts your taxable income
  • Cryptocurrencies and wash rules
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