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  • Tax loss harvesting

    Hello,

    When I TLH using a VG brokerage account to an amount exceeding any capital gains, do I need to personally keep a record of excess gain to offset the 3K of my income or does VG store that info and provides it when I auto-extract info for tax return via TurboTax.

    thanks

  • #2
    Schedule D Instructions, page D-11
    https://www.irs.gov/pub/irs-pdf/i1040sd.pdf
    TurboTax has the option of printing your worksheets and will carry it forward.

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    • #3
      It will all be calculated and kept by whatever tax program you use but it’s not a bad idea to keep your own running total.

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