Forget Harvesting LossesIt's Time to Harvest Gains!
Dec 12, 2011
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By Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC
Usually, at year end, advisors and clients look to harvest losses to minimize the year's taxes. However, if capital gains rates are slated to rise, as they are in 2013, clients may be better off harvesting gains and buying back at a higher cost basis to lower their tax bill down the road.