Capital Gains Got You Down? 7 Steps You Can Take Now to Optimize Your Clients' Tax Situations
While tax-loss harvesting may be a standard practice for many financial advisors at this time of year, the time-honored tradition of harvesting losses to offset gains may be in jeopardy. Mutual funds could be reporting higher-than-average capital gains distributions this year, according to a recent report from Morningstar.* Losses are hard to find today, given broadly positive financial market conditions, coupled with significant outflows from active mutual funds.