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EOY Deadlines: Reduce Your Taxes & Maximize Your Money #572

How to Money

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Take Advantage of Tax Loss Harvesting

You can take advantage of tax loss harvesting which is basically making lemonade out of some lemons you've been dealt. The way that works is that you simply sell a security like a stock or an ETF at a loss in order to lock in capital losses. You are only limited to three thousand dollars of tax loss harvested per year but the good news right if you've got more than that in losses you can roll the additional amount forward to apply to future years.

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