Senate tax bill could undermine tax-harvesting robo-advisors
By Lorie Konish
But a first-in-first-out only method (FIFO) would require investors to sell the shares they bought first — which are often the ones that have acquired the biggest gains.
“It basically means higher taxes for investors because they have less control,” said Alex Benke, vice president of advice and investing at Betterment, a provider of automated investing services.Read the Original Article
This article originally published November 22nd, 2017 on CNBC