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The Passive Income MD Podcast
#207 3 Advanced Tax Strategies That You Might Be Missing as an Investor
Apr 15, 2024
Explore advanced tax strategies for investors, including tax loss harvesting, charitable giving with a donor-advised fund, and qualified opportunity zones. Learn how to minimize tax burdens and maximize wealth through proactive planning and collaboration with a CPA. Discover insider tips for optimizing savings and long-term financial growth.
14:19
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Quick takeaways
- Tax loss harvesting can offset gains by selling underperforming investments strategically.
- Charitable giving through a donor-advised fund provides immediate tax deductions and avoids capital gains tax.
Deep dives
Tax Loss Harvesting Strategy
One important tax strategy discussed is tax loss harvesting. This strategy involves offsetting capital gains and lowering taxable income by selling underperforming investments that have experienced losses. By realizing these losses through strategic selling, investors can create capital losses to offset gains. Timing and understanding market conditions are crucial in implementing this strategy, while also being mindful of transaction costs and reinvestment plans.
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Discover
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