Stock Market Loss in 2022? Don't Sweat it -- This Tax Strategy Should Help!

Although the goal of investing is to make money, the cards won't always line up in your favor.

Take 2022 for example. The stock market has been on a wild rollercoaster ride, and investors have seen their portfolios drop significantly. Many leading tech companies such as Amazon and PayPal have seen their valuations drop by 40% or more as stocks reach 52-week lows.

If you sold your investments at a loss in 2022, you may be eligible to use a special tax strategy that will help you turn your stock market pain into gains on your tax return. Below, we'll unlock the power of tax-loss harvesting and show you how it works.

Source Fool.com