Tax Loss Harvesting Calculator
Calculate tax savings from harvesting investment losses to offset capital gains and ordinary income.
Investment Details
$
$
Tax Situation
$
$
%
%
Total Tax Savings
$400
Small loss - Consider transaction costs
Harvestable Loss
$2,000
Effective Reduction
20.0%
Loss Utilization
Total Loss$2,000
Offset vs Capital Gains$2,000
Offset vs Ordinary Income$0
Tax Savings Breakdown
From Capital Gains Offset
$400at 20.0% rate
From Ordinary Income Offset
$0at 29.0% rate (max $3K)
Total Tax Savings$400
Wash Sale Rule: Wait 30 days before repurchasing the same or substantially identical security to avoid disallowing the loss.