Can M One Finance Do Tax Loss Harvesting?

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

If you bought a single investment and you only made one trade, you can still do tax lost harvesting by just selling that. Make sure you put into something different for at least 30 days to void what's called a wash sale rule. It does get more complicated if you have been dollar cost averaging in and your part up and part down. If you're using their pie approach and continually adjusting the pie, which is what m one does very differently the of other brokers do, there is a cost benefit analysis.

#354: Charlie in Cali has enough money saved to pay cash for a house, but she and her husband decided to finance their home, instead. They’d rather invest the money and arbitrage the spread. But one problem: how can they keep themselves from touching this investment?

Jay is choosing between Fidelity and M1 Finance, and has questions about tax loss harvesting.

Nicole and her siblings will be inheriting some properties that they eventually plan to sell. How should they set up or organize these properties among so many owners? Should one person take the lead? Do they need a shared business account? Also, how should they evaluate a property and make sure they get a good deal when they sell?

Ed owns three homes, two of which he plans to sell in the next few years. He plans to live in them long enough to establish residence and take the capital gains exemption when they sell. Is his plan for handling the taxes solid?

We answer these four questions in today’s episode. Enjoy!

Subscribe to the show notes at https://affordanything.com/shownotes

Learn more about your ad choices. Visit podcastchoices.com/adchoices