The Traderszone Network

Published in TZ Latest News 9 November, 2016 by The TZ Newswire Staff

1 Smart Tax Move to Make Before the End of 2016

Tax Planning

Image source: Getty Images.

The year is rapidly coming to a close, and if you’ve sold any investments at a profit this year, you should anticipate paying capital gains taxes when you file your tax return — that is, unless you take advantage of tax-loss harvesting, which is the practice of selling losing investments in order to offset your profits. Here’s how it works, and what you need to know.

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