Here's what to do if you have a loss on an investment
CNN
Tax loss harvesting" can benefit you in a few ways: It can lower your investment and income taxes not just this year, but in future years, depending on how big of a loss you book.
After racking up banner gains in 2021, markets are on a downward trajectory. So chances are you've lost some good money ... at least on paper
Sure, you may make it back once stocks and other securities do an about-face. But for now, one way to benefit from the current market is to harvest some losses in the taxable portion of your portfolio -- that is, in those investments you hold outside of tax-advantaged vehicles like 401(k)s and IRAs.
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