Navigate the Complexities of Tax-Loss Harvesting

Tax-loss harvesting is a valuable strategy for small business owners looking to reduce their tax burdens. By selling investments that have lost value, you can offset gains from other investments and even reduce your ordinary income tax. The process involves careful planning—ensure you adhere to IRS rules like avoiding wash sales, where you repurchase a similar investment within 30 days. Consulting a tax professional can help you navigate this complexity and maximize your benefits. Tax-loss harvesting is not just about reducing taxes; it’s about proactive financial planning.

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For personalized guidance tailored to your unique situation, contact Diversified Asset Management, Inc. at info2@diversifiedassetmanagement.com or (303) 440-2906. Our experts can help you navigate the complexities of business succession and ensure a successful transition.

Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.