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Reviewing Financial Investments

It’s always a good idea to review your financial investments before the end of the year. Capital losses on securities are deductible up to $3,000 with any additional loss being carried forward to future years.  So if you have securities that have depreciated over the past several years, let’s consider liquidating them before the end of the year so you can take advantage of the deduction.  Also, if you are carrying forward a substantial loss from a previous year, it might be a good time to reestablish your position in the market by selling securities with large capital gains and minimizing the tax on the sale.

For more information about the advantages of liquidating your securities before the end of the year, please contact our office at 585-705-3405.


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