# @thejoserafaelhernandez on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/C_8b44sOHr4
- **Gondola URL:** https://gondola.cc/posts/59827358-thejoserafaelhernandez-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/ba48e0393f.jpg
- **Posted:** 2024-09-15T16:27:07.000+00:00
- **Account Owner:** Jose Hernandez (@thejoserafaelhernandez) — https://gondola.cc/thejoserafaelhernandez

## Caption

If you don’t love overpaying in taxes every year…👇🏼
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It’s extremely important to learn the basics of how to keep taxes to a minimum inside of your investments 
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Tax loss harvesting is a common way to be able to report a “lower” amount of gains, which can end up in less taxes that you owe come tax time
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In a nutshell, it involves you selling investments at a loss to use said losses as a “write off” against the gains that you lock in
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Here’s the “order of operations” for tax loss harvesting:
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1) Calculate the gains you’ve locked in
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2) Calculate the losses you’ve locked in
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3) Subtract your losses from your gains
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If you still have losses remaining after subtracting them from your gains, you have what’s called a “net capital loss”
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In the case that you have a net capital loss for the year, up to $3k of the “remaining” losses can be deducted from your gross income
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And if you still have losses remaining after that, the remaining losses “carry forward” to the next tax year and the process repeats until the losses are “used up”
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The fourth quarter of the year can be a great time to analyze your investments for tax loss harvesting opportunities, especially in a year like this one where the market has had a solid run
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If you found this video helpful, share it with a friend and follow for more 🤝
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#investing #stockmarket #financialfreedom #financialfreedom #indexfunds #dividends #compoundinterest

## Stats

- **Views:** 403
- **Likes:** 22
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## Tags

financialfreedom, dividends, stockmarket, indexfunds, compoundinterest, investing

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