STOP PANICKING about your crashing portfolio! In this video, I reveal how I turned a devastating 40% stock loss into a powerful tax advantage using a strategy that 79% of investors completely ignore.
With the recent market crash sending portfolios plummeting, my tax loss harvesting strategy shows you how to:
✅ Transform market losses into immediate tax savings
✅ Potentially save $3,200+ on your tax bill (based on 32% bracket)
✅ Completely offset capital gains taxes
✅ Deduct up to $3,000 from your regular income
✅ Strategically bank losses for future years
This 15-minute portfolio refresh must be completed before December 31st, and it's 100% legal under Internal Revenue Code 1211. Learn exactly how my friend Adam saved $8,000+ on taxes during a market downturn and how business owner Greg eliminated his entire tax bill.
📖 Chapters
00:00 My 40% Stock Loss Story
01:35 Tax Loss Harvesting Explained
03:04 Capital Gains Tax Breakdown
04:04 Real Success Story: $8,000 Saved
05:30 Avoiding the Wash Sale Rule
07:03 Your Complete Harvesting Plan
08:06 Pro-Level Portfolio Refresh
#taxlossharvesting #marketcrash #taxlossharvesting
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👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.
📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.
