Did You Lose Money In the Stock Market? Don't Forget Tax Loss Harvesting
The beauty of investing in the stock market is that you give your money a chance to work for you. If you buy a stock at one price and it grows in value, you can benefit from capital appreciation. Those are the moments when you tend to shout your victories from the rooftop, but stock market profits aren't guaranteed on every investment.
If you sold stocks in 2022, you may have experienced the other side of the equation: Stock market losses. Although losses don't look pretty in your investment account, they could be a victory on your tax return if you take advantage of tax loss harvesting. Below, we'll break down how it works and the rules you should know.
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Source Fool.com
