Meir Statman : Year-end Tax Tips : Don’t Mess With Taxes
Meir Statman, Glenn Klimek Professor of Finance, offers year-end tax tips as the holiday season begins. His biggest tip was selling assets that didn’t rebound after some months saw brutal losses in stocks. Realizing your losses sooner rather than later is beneficial because you have the opportunity to save money and earn a tax deduction. “Investors who wait until the very end of the tax year are likely to pay more taxes than those who realize losses when they occur,” said Professor Statman. “If you wait until December, the share prices might increase to what you paid for them.”
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Nov 6, 2018