Thanks again for your response and insight.I can alway end up holding the same assets and book the loss. The loss can be used ($3K per year) against ordinary income but also offset gains if I need to sell a different asset with unrealized gains. In 2008-9 I booked hundreds of thousands of dollars of losses. As a result I have never reported a capital gain on my taxes and never will (I'm older now and don't plan to sell anything).
Thank you. Can you explain why? That is the direction I am leaning, but I am not confident in my gut feeling.
I'm trying to decide if I am allowing the need to remain below the ACA income threshold to outweigh sound financial planning.
Appreciate your input.
You might take a look at the Wiki on "Tax Loss Harvesting" -- it may answer most of your questions.
Done properly the losses are only paper losses and have no real impact on the assets you hold.
I have no opinion on whether you should stay at the duration you have. But that is an independent decision from whether you book the loss or not.
I will take a look at the Wiki. Again, appreciate your help.
Statistics: Posted by HereToLearn — Wed Jan 28, 2026 12:15 pm — Replies 13 — Views 461