Managing Investment Income & Capital Gains

Essential tips for managing investment taxes: keep detailed records of all transactions, understand the different types of gains, track dividends and interest, and utilize tax-loss harvesting strategies.

Tips & Tricks

Maintain Detailed Records

Keep comprehensive records of every investment transaction.

1

Differentiate Gain Types

Separate short-term from long-term capital gains.

2

Review Brokerage Statements

Regularly verify your records with statements from your broker.

3

Track Dividends & Interest

Document dividend and interest income meticulously.

4

Record Cost Basis Accurately

Maintain precise records of your investment purchase prices.

5

Leverage Management Tools

Use portfolio management software to monitor performance.

6

Consider Tax-Loss Harvesting

Evaluate strategies to offset gains with losses.

7

Document Fees & Commissions

Record all related transaction fees.

8

Reconcile Annually

Compare your records with annual summaries from your brokerage.

9

Consult Financial Advisors

Get professional advice for complex investment situations.

10

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