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CNBC

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.

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This article originally published November 22nd, 2017 on CNBC.