Year-End Tax Planning-NOW is the time!

February 3, 2016

 

As the end of the year approaches it's time to review your investment portfolios for potential tax savings strategies.  Investors holding mutual funds should investigate any potential capital gain distributions that might show up by year end.  Review your holdings for losses that could help offset capital gain distributions or gains from sales earlier in the year.  Likewise, if you are buying a mutual fund, don't "buy the capital gain"!  If one is to be paid by year end and you buy now, you get the income on your Form 1099 for the year and get to pay tax even if you didn't get the benefits of the gains.

 

Clients of IAP can ignore these warnings, as this planning is part of our ongoing services for you.

Please reload

Newsletter

Subscribe to our newsletter to stay up to date on investment and wealth management news

Recent Posts
Please reload

Archive

You might also enjoy reading:

How to Beat the Short-Term Market Jitters

September 6, 2019

Stock Prices are High - What Does that Mean for Future Returns?

September 6, 2019

What is an Inverted Yield Curve and Why Should I Care?

September 6, 2019

1/10
Please reload

Please reload

Search By Tags
Please reload