Tax-loss harvesting, using investment losses to offset investment tax responsibilities, may be one way to potentially reduce your overall tax liability. And while the Wells Fargo Investment Institute reminds investors that your investment plan should not be focused on tax concerns, offsetting your capital gains with stocks sold at a loss could be considered as part of your year-end strategy. Learn more in the full report here.
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Wells Fargo Advisors is not a legal or tax advisor. Be sure to consult your own tax advisor and investment professional before taking any action that may involve tax consequences