Tax loss harvesting

[Midwestpeds]

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

[Tim]

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.

[CordMcNally]

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.