This strategy can help investors save on taxes — if it’s done right
By Darla Mercado
• What’s your client’s tax rate? Got short-term capital gains? Those are taxed at the same rate as ordinary income, which can be as high as 37%. Short-term capital losses can help offset them.
“In general, the higher the bracket, the more beneficial it is,” said Eric Bronnenkant, head of tax at Betterment.Read the Original Article
This article originally published May 6th, 2019 on CNBC