11/09/2023
Suppose you have an investment in your portfolio that has declined in value. You still own it, so you have an unrealized capital loss. You could take advantage of this loss by selling the investment and then applying the capital loss against capital gains. Our tax law will only allow use of those capital losses by applying them against capital gains – not other income. https://www.advisorstream.com/read/your-investment-loss-could-be-your-spouses-tax-gain/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjoyOTEyMSwicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjg3NzE4MTQsImRlc3RfaWQiOjExMTg4NjE0LCJyZWFkZXJfaWQiOm51bGwsInBlcnNvbmFfcHJldmlldyI6ZmFsc2V9.G9bX_01McgMXZP4xU-1pYHoOQCW6UL1_AfzKmcXpR8s