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Category:
Tax Planning, Non-Retirement Accounts & Assets

Harvesting Capital Losses Issues

What Issues Should I Consider When Harvesting Capital Losses?

Tax-loss harvesting is a popular strategy, but it’s not always clear whether it’s the right strategy for your client’s needs.

With this checklist, you will be better prepared to help your clients determine whether harvesting capital losses is appropriate for their financial situation.

This checklist covers some key issues to consider when a client and/or advisor are thinking of implementing a tax-loss harvesting strategy, such as:

  • The effect harvesting losses may have on your overall portfolio goals.
  • Some common pitfalls and rules to be aware of when harvesting losses.
  • The potential tax benefits and consequences that may arise.
  • How long-term goals may be affected by tax-loss harvesting.

This particular checklist was developed in collaboration with Ben Henry-Moreland and based on the recent Nerd’s Eye View article he wrote on the topic.

 

Click here for a client-facing email template.

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Harvesting Capital Losses Issues
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Investment Sale Tax Rules
Category: Tax Planning
Harvesting Capital Gains Vs. Roth Conversions Decision
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Non-Qualified Portfolio Tax Issues
Category: Tax Planning, Client Meetings & Client Service Calendar, Non-Retirement Accounts & Assets

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“Having been trained in a CPA firm, checklists were how everything was done, I was amazed to learn how little checklists were utilized in FP [Financial Planning]. I had created my own but FP Pathfinder has outdone me in creating current issue lists and updates. This is a must for any advisor. ”
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