Does tax-loss harvesting take into account currency depreciation as well?
Does tax-loss harvesting take into account currency depreciation as well?
Vested’s tax-loss harvesting module helps you reduce the taxable capital gains of your portfolio in US dollars.
Since all assets you own and sell are in US Dollars, there is no currency depreciation to consider.
Yes, your capital losses/gains account for all assets you own. Please consult a tax advisor on how to take advantage of tax-loss harvesting across all your assets.
As per the Amendment to Section 94(8) of the Income Tax Act, capital gains/losses from bonus stripping transactions are not eligible for tax-loss harvesting.
The tax-loss harvesting feature will be visible to all users. However, only our Premium subscribers currently have access to the feature. You will need to subscribe to Vested Premium to help reduce your tax liability with the tax-loss harvesting ...
Tax-loss harvesting is a strategy used to reduce taxable capital gains of your portfolio: You deliberately sell assets that have incurred losses to offset current or future capital gains. Example: Assume a single investor earns an income of $580,000 ...