overtaxed13
Returning Member

Get your taxes done using TurboTax

Thank each one of you for the thoughtful answers.  I am trying to do some proactive tax planning and have not yet sold any stocks for tax loss harvesting in 2022.  I am trying to decide whether or not it is a good idea for me to sell some losing stocks to reduce my taxable income.  I will be in either the 24% or 32% tax bracket for 2022.  I cannot yet determine which, because I do not know what the distributions will be.  However, the Box 2a figure will probably be in the vicinity of $80-90,000.  I want to ensure I get the maximum tax advantage if I choose to sell some long or short term losers.  Any further thoughts will be appreciated.  Thanks again to all.