S&P 500 · SPY
774.76
▲ +5.12 (+0.67%)
DOW JONES · DIA
512.09
▲ +0.99 (+0.19%)
NASDAQ · QQQ
755.33
▲ +5.75 (+0.77%)
GOLD · GLD
$378.80
▼ -1.34 (-0.35%)
OIL (WTI) · USO
$144.83
▼ -2.54 (-1.72%)
BITCOIN
$85,289.38
▼ -13.52 (-0.02%)
--:--:--
NYSE · Live ET

Tax-Loss Harvesting

What is Tax-Loss Harvesting?

Tax-loss harvesting is selling an investment at a loss to offset taxable gains elsewhere, then reinvesting in a similar but not identical holding.

Why it matters

It can reduce your tax bill but must be done carefully because of rules like the wash sale rule. Ask a tax professional.

Related terms

Explore on Investz

Share this termEmailXLinkedInFacebookRedditWhatsApp

General education, not investment, tax or legal advice. Read our disclosures.