Turn investment losses into a tax saving, deterministically.
Open the Tax-Loss Harvesting tool →Selling an investment at a loss lets that loss offset capital gains, and any leftover loss offsets up to $3,000 of ordinary income each year ($1,500 if married filing separately), with the rest carried forward to future years.
We net your short-term and long-term gains and losses the way Schedule D does (like characters net first, then a net loss in one bucket offsets a net gain in the other) and estimate the tax saved at the rates you enter. Watch the wash-sale rule: if you buy the same or a substantially identical security within 30 days before or after the sale, the loss is disallowed.
Computed entirely on your device for U.S. taxes and benefits. Nothing is ever sent anywhere, and it is free forever. Educational information, not financial, tax, investment, or legal advice.