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Kakenmaster Tax & Accounting

Welcome
Accounting Services
Tax Services
Payroll Services
Tax Resources
Who We Are
K&A Report
Testimonials
Contact Us
Year End Planning:  Harvesting Loses
November 26, 2023
Kylie Gehrke
Year End Planning: Harvesting Loses
Kylie Gehrke
November 26, 2023

Year End Planning: Harvesting Loses

Kylie Gehrke
November 26, 2023

“Harvesting” stock and security losses is a common year-end strategy that attempts to lower an investor’s taxes.  The IRS allows a taxpayer to deduct capital losses to offset taxes owed on capital gains.  All taxpayers should consult an investment professional before attempting to harvest losses.

Newer PostReminder to IRA owners age 70½ or over: Qualified charitable distributions are great options for making tax-free gifts to charity.
Older PostMake passthrough entity elective tax payments by year-end

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Office: 847-367-0888

Fax: 847-367-6925

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Kakenmaster & Associates | Tax and Accounting, 333 Peterson Road Suite E., Libertyville, IL, 60048(847) 367-0888

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