I do my own tax loss harvesting even in a big nasty bear market. I try not to do it anymore often than every couple of months because what happens is you end up turning your qualified dividends into non-qualified dividends. It doesn't need to be done every day. Maybe you can get a few more losses out of it. But good luck with getting the house and sorting this out. All right, a quote of the day today comes from famous actively managed mutual fund manager Peter Lynch: You've got to understand what stocks do.
It's that time of year where we have lots of questions about taxes. Today we talk about how to file an amendment to your 2022 tax return. The good news is it's not hard and it is not a big deal. We also talk about what to do if your tax professional makes a mistake on your taxes. Next we get into some questions regarding tax loss harvesting and what the averaging method is. We discuss if there is ever a good reason to use a robo-advisor to help with tax loss harvesting. Finally we answer a question about the pro rata rule as well as a few student loan questions.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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