Tax-loss harvesting involves reviewing investment losses alongside gains, portfolio goals, and tax rules. A wash sale can disallow a current loss when substantially identical stock or securities are acquired within the relevant period before or after the loss sale.

Automatic reinvestments and transactions in other accounts can matter. An IRA or a spouse's activity may need review, so a broker's report for one account is not the complete household analysis.

Before trading solely for a deduction, check all relevant accounts and consider investment risk. Keep the original basis, trade dates, and replacement purchases. A tax benefit should not be assumed merely because the brokerage screen shows a realized loss.

Your next steps

• Review gains and losses across relevant accounts.
• Check replacement purchases and reinvestments.
• Discuss wash-sale adjustments before filing Schedule D.

General education, not individualized tax or legal advice. Illustrations use stated assumptions and do not promise a refund or tax saving.