HNY Bogleheads,
I have a question that i I think i know the answer but i just want to hear your thoughts.
Account is Taxable Vanguard Brokerage Account . I did Tax Loss Harvesting in 2024 to generate a loss .
When i look at the Cost Basis - Realized gains/losses for 2024 Total i get -20K .
When i look at Dividend&Capital Gains - Taxable Gains for 2024 Total i get +50K .
I also have a 2K Capital Loss Carryover from 2023.
I use Turbotax Premier to ingest all of my Tax Statements which seems to work well .
Can I assume that the TurboTax behavior should yield a Net Capital Gain of 28k ( 50K - 20K - 2K) ?
Am i looking at this incorrect ? Thanks for your future answers .
I have a question that i I think i know the answer but i just want to hear your thoughts.
Account is Taxable Vanguard Brokerage Account . I did Tax Loss Harvesting in 2024 to generate a loss .
When i look at the Cost Basis - Realized gains/losses for 2024 Total i get -20K .
When i look at Dividend&Capital Gains - Taxable Gains for 2024 Total i get +50K .
I also have a 2K Capital Loss Carryover from 2023.
I use Turbotax Premier to ingest all of my Tax Statements which seems to work well .
Can I assume that the TurboTax behavior should yield a Net Capital Gain of 28k ( 50K - 20K - 2K) ?
Am i looking at this incorrect ? Thanks for your future answers .
Statistics: Posted by oembogle — Thu Jan 02, 2025 11:45 am — Replies 2 — Views 141