rjs
Level 15
Level 15

Investors & landlords

I don't know what you mean by a "Tax Loss Harvesting Deduction." There is no such deduction. Tax loss harvesting simply means selling stocks that have declined in value to offset the gain from selling other stocks that have increased in value. The capital losses offset the capital gains when calculating your income. This has nothing to do with using the standard deduction or itemized deductions.