Most investors are unhappy when their investments decrease in value, and I’m no exception. However, there is a silver lining. By harvesting investment losses, you can offset taxes on gains and income. Let’s begin with some basic terms: A capital gain is a profit on an investment. There are two categories of capital gains: realized and unrealized. A capital gain is unrealized until you sell it, at which point it becomes realized. The same goes for a capital loss.
The content of this advertisement was prepared by Platinum Advisor Strategies.
Information is not intended to provide specific legal or tax advice. Derek Gregoire, Keith Ellis, Matthew Peck, CFP®, CIMA® nor SHP Wealth Management provide tax or legal advice. You are encouraged to consult your tax or legal professional for guidance on your individual situation. Investment advisory services are offered through SHP Wealth Management LLC., an SEC Registered Investment Advisor. Offices in Woburn, Westborough, Hyannis, and Braintree are offices of convenience and only used for client meetings.
Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.
