SUBSCRIBE
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Hotta Liesenberg Saito LLP
970 West 190th Street, Suite 900
Torrance, CA 90502-1052
Phone: 424-246-2000
Fax: 424-246-2005
If investments you sold in 2019 lost money, you may find some solace in the IRS tax code. You can deduct certain losses from your taxable income – called tax-loss harvesting – when you understand the rules. Here they are briefly:
The IRS taxes some or all net capital gains at 0% if you’re in the 10% or 12% ordinary income tax brackets. You’ll pay 20% on net capital gains if your taxable ordinary income exceeds $434,550 if filing as a single, $488,850 if filing jointly or as a qualifying widow, $461,700 if you are a head of household and $244,425 if married and filing separately.
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.