|
|
|
|
|
|
by matwood
3377 days ago
|
|
|
> but TLH saves me 6 figures in taxes every year. This is a bit misleading since the only way to save 6 figures on capital gains every year from TLH is to have realized > 6 figure loss at some point in the past. The offset on regular income is also maxed at 3k/year. The losses/gains must also be in a taxable account. https://www.bogleheads.org/wiki/Tax_loss_harvesting#Using_a_... TLH can be useful in certain situations (like yours), but I think generally it is oversold by the likes of Wealthfront and Betterment. |
|
|