Investment Taxes 101: Capital Gains, Dividends, Tax Loss Harvesting, & More
Short-term capital gains? Qualified dividends? Tax loss harvesting? Strap in, people, we’re taking a cruise down the chocolate river of all things investment taxes, and I’ll be your Wonka.
Fear of taxes (or maybe just uncertainty) keeps people out of the game, and I think that’s a little bit like declining a raise because you don’t want to pay taxes on the incremental income—if you owe taxes on your investments, it probably means you made money in the first place.
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Transcripts can be found at podcast.moneywithkatie.com.
Mentioned in the Episode
- Tax-sheltered accounts: https://www.irs.gov/retirement-plans/irc-403b-tax-sheltered-annuity-plans
- Capital gains & dividends: https://www.irs.gov/taxtopics/tc404
- Capital gains tax rates: https://www.irs.gov/taxtopics/tc409
- 2022-2023 capital gains tax rates: https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates
- Ordinary vs. qualified dividends: https://www.investopedia.com/ask/answers/12/how-are-capital-gains-dividends-taxed-differently.asp
- Wash sale: https://turbotax.intuit.com/tax-tips/investments-and-taxes/5-situations-to-consider-tax-loss-harvesting/L06jlQWfl
- Tax loss carryforward: https://www.sofi.com/learn/content/tax-loss-carryforward/
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