Harvesting users. Hello strangers. My roommate/best friend is probably the top cloud architect in North America. Over 25 years of experience in all things tech. Dropped out of high school to do computer stuff. I’m not a “computer person.” I’m Jobs, he’s Woz… YOLO. Anyway, I don’t care if we use refurbished servers free off of Facebook marketplace, but I’m buil…

What You Need to Know About Crypto Tax Loss Harvesting

Tax-loss harvesting question Hi. Sorry if this is a stupid question and excuse me if this is not the correct place this post. If I already have $3k tax loss carry over can I still tax loss harvest? E.g Sell an etf for $10k gain and sell another at a $10K loss. Does this loss wipe out capital gains tax on my gain and do I still get to claim the original 3K loss that I carrie…

No brainer $3000 tax-loss harvesting on losing position, or am I missing something? Suppose you have a losing stock that has a little chance of recovering. So, you take a loss of $3000 on that losing stock. According to the IRS, “If your capital losses exceed your capital gains, the amount of the excess loss that you can claim to lower your income is the lesser of $3,000 ($1,500 if married filing separately) or your total net l…