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WCI #246: Early Retirement Now

White Coat Investor Podcast

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What if You Claim Tax Losses From Your RoboAdviser?

Tax loss harvesting only works if you don't have any offsetting transaction within plus or minus 30 days of that te tax loss harvest transaction. Some people take an existing portfolio off e t f and mutual funds, and then move it over to the robo adviser. They liquidate all the assets that don't fit into their mould,. but that are not on their list of e t f that they are trading in their programme. And that could potentially realize such a large chunk of capital gains that even with all the robo advising and tax loss harvesting that they might be doing over the rest of your lifetime, you will never recover that initial loss.

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