Tax Loss Harvesting

Tax Loss Harvesting is a strategy to manage individual investor loss with a market down turn. When a senior sells shares of a stock or mutual fund for less than was originally paid a capital loss is created. This capital loss calculation can then be subtracted from any capital gain generated from selling shares of a stock or mutual fund for more than the original purchase price.  The loss has now offset the gain and reduced the investors tax burden. 

When a net capital loss is greater than your capital gain the balance (up to 3 thousand dollars per year) can be subtracted from your taxable income.  Remaining capital loss beyond the 3 thousand dollar limit can be brought forward and subtracted from the following year. 

The shares of stock or mutual fund must have been owned for greater than 30 days and after a sale could not be re- bought within 30 days to maintain eligibility.  Individuals can monitor their investments throughout the year for drops in value.  Please be sure and consult with your independent investment advisor when managing your funds. 

Home Care Path www.homecarepath.com is a leading senior care provider serving south central Wisconsin.  Services include:
-in home staffing with help for ADL's and IADL's
-inpatient advocacy for safe successful hospital stays
-crisis intervention and transitional counseling
-temporary help with a scheduled day surgery
-packing and shipping with holiday gift giving season
-down sizing home contents when stuff matters
-communicate face to face on the computer across long distances
Simply call 608-432-4286 to schedule an in home interview.  2012 rates are 20.00 per hour.  Email lkutzke@homecarepath.onmicorsoft.com  We accept long term care insurance.  We can be there when you are working.  Services are tax deductible.  Valuing home and human life.