Tax Loss Harvesting Calculator
Turn temporary losses into tax savings. Know the rules before you harvest.
Wash Sale Rule Warning
If you buy the same or "substantially identical" security within 30 days before or after the sale, the IRS disallows the loss. Use this calculator to plan your harvesting strategy, but consult a tax professional.
About This Tool
Name: Tax Loss Harvesting Calculator
Scene: Use at year-end or after market downturns to identify opportunities to reduce your tax bill.
Method: Enter your realized losses and tax rates. The calculator shows how much you save by offsetting capital gains and up to $3,000 of ordinary income.
Interpretation: Losses first offset gains, then up to $3,000 of ordinary income. Excess carries forward indefinitely.
Disclaimer: Tax rules are complex. Consult a CPA. Not tax advice.