How tax-loss harvesting on investments can minimise your capital gains tax outflows
The strategy gainfully exploits the volatility of equities and also pushes tax liability to a later date February 15, 2021 / 08:51 AM IST
In the 2018 budget, the long-term capital gains (LTCG) tax on equity was introduced. Since then, investors have had to keep in mind the tax implications of their decisions while entering and exiting equity instruments such as stocks and mutual funds, even after a year. There is a sophisticated tax optimization strategy often used by high net-worth individuals in developed markets – tax loss harvesting. Indian investors can also explore this method to reduce the tax liability on their realized capital gains.
Transcripts for CNN CNN Tonight with Don Lemon 20200611 06:54:30
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though that there is a runaway inflation when oil is in the low 40s. that s correct. it could well be that the market you ve actually seen including recent reductions in energy prices have taken off some of the pressure. at the same time, unemployment is at its lowest level since 1969. after 1969 there was inflation pressure. the fed has to be eyeing upside and downside risks in inflation to the economy and it is a bit of a flying balancing act. leland: so we have a couple of trading days, wednesday, thursday, friday and honestly monday left. what s best-case scenario and with worse case scenario through the end of the year? it could go either way, if the fed manages to put together some kind of reassuring statement i could see us rallying, otherwise selling could continue and people taking tax loss harvesting so you have a losing position and you sell it to get the loss to run off other taxes. i think it s important though
invest can be a bonus. especially with poor performers in your portfolio. it s called tax loss harvesting. you can offset the losses against your gain. paying off college expenses early can help. even you don t have to pay them yet, you can if you use them the american tax opportu tax credit. if you qualify, you could see a big benefit in april. won t be so painful. back to you. thanks, cheryl. organize now. plan ahead. the time now is 54 minutes after the hour. formally voted in today. the fight under way to stop him. puff, puff, blast. why e-cigarettes may not be safer as an alternative to cigarettes.