Free Tax-Loss Harvesting Calculator
Calculate tax savings from selling investments at a loss to offset capital gains.
USD
USD
%
%
Total Tax Savings
$1,050
Net Taxable Gain$3,000
Loss Carryforward$0
Total Tax Savings vs Capital Gains Tax Rate
Tax-Loss Harvesting
1. Losses offset gains dollar-for-dollar 2. Excess losses offset up to $3,000 of ordinary income 3. Remaining losses carry forward to future years
Tax Savings = Offset Gains x CG Rate + Income Offset x Income Rate
Be aware of the wash sale rule: you cannot repurchase the same or substantially identical security within 30 days.
Example Calculation
$10,000 gains, $7,000 losses, 15% CG rate.
- 01$7,000 losses offset $7,000 of gains
- 02Net taxable gain = $3,000
- 03Tax savings = $7,000 x 15% = $1,050
- 04No excess losses for income offset
Frequently Asked Questions
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