black and silver calculator beside black pen by Recha Oktaviani courtesy of Unsplash.

How Does Tax-Loss Harvesting Work?

Christopher Demarest |
Categories
Tax Planning

How Does Tax-Loss Harvesting Work?

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Our partners at Eaton Vance shared this video on how tax-loss harvesting works, and we're happy to share it with you. Tax-loss harvesting at the individual security level is a key benefit of direct indexing. But it's not as simple as selling a security for a loss and then repurchasing that same security the next day so that you can reset the cost basis. This short video explains how it actually works.