Hi guys,
I purchased a decent amount of ETFs that pay monthly dividends. I have some unrealized losses on those funds, e.g. I purchased a large volume of JEPI when it was trading at $59 a share and the shares are now worth $55.
I'd like to reduce my taxable footprint, and plan on selling some ETFs and stocks at a loss for tax loss harvesting purposes.
It's my understanding that, if stocks pay monthly dividends, it can complicate writing off losses realized when selling the shares. What exactly should I look for to determine whether or not I could write off enough capital losses to make it worthwhile? I have dividend reinvestment (DRIP) set up for those shares. If I can't write off the capital gains losses, then I'd rather just keep the shares I have.
My apologies if this is a dumb question - I'm not too familiar with taxes nor financial stuff in general.
