Cindy4
Employee Tax Expert

[Event] Ask the Experts: Investments: Stocks, Crypto, & More

Offsetting capital gains usually requires harvesting some losses.  There may be investments you can sell that are in a loss position.  You can check with your broker and also ask about selling based on the specific identification method rather than the traditional first in first out method. 

 

Here are some tools that may help you:  
TurboTax Investment Hub

Also,  this will help clarify the no tax on tips from the Big Beautiful Bill -  One Big Beautiful Bill 

 

You can see how the changes from the new bill impact you here - Tax-reform-calculator 

 

Hope this helps!

Cindy

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