Hedge Fund
Tax Loss Harvesting: How Will A Biden Tax Plan Impact Tax Loss Harvesting Strategies?
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Tax loss harvesting is a routine but important technical strategy advisors employ to offset investor gains in a strategic manner that has beneficial tax consequences. While it’s a small technical maneuver we don’t typically cover in Hilton Insights, it’s important to understand the nature of tax loss harvesting in light of the proposed changes to the tax code.
More than a month into President Biden’s administration there have been a slew of executive orders, confirmation hearings and COVID-19-related task forces designed to tackle the vaccine rollout, among other priorities. In the background Congress has been negotiating the next round of stimulus to Americans, which is due to land on the president’s desk in a matter of days. In many ways, while these are difficult and time-consuming measures, they represent the low hanging fruit that often defines the first 100 days of a new administration, particularly one that controls both houses of Congress.
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