Don’t get “spooked” by a surprise tax bill: capital gain distributions during a market downturn—and how to plan accordingly

<p>Welcome to this episode of 20/20 Money! On today’s show we discuss the relationship between tax loss- and gain-harvesting and capital gain distributions from ETFs and mutual funds. We’ll run through a couple of examples of how you can proactively review your portfolio and potentially reduce your tax liability and not be surprised by a large 1099-DIV report during 2023’s tax season.</p> <p> </p> <p>Resources:</p> <p><a href= "https://www.investopedia.com/terms/w/washsalerule.asp">What is the “wash sale” rule?</a></p> <p><a href= "https://www.fidelity.com/viewpoints/personal-finance/tax-loss-harvesting"> Fidelity’s Tax Loss Harvesting</a> article</p> <p><a href= "http://integratedpwm82077.ac-page.com/2020moneycommunity">20/20 Money Community Information</a></p> <p> </p> <p>Follow us on Instagram: <a href= "https://www.instagram.com/2020moneypod/">https://www.instagram.com/2020moneypod/</a> </p> <p><strong>—————————————————————————————</strong><br /> Please rate and subscribe to 20/20 Money on these platforms</p> <p><a href= "https://itunes.apple.com/us/podcast/the-dose-podcast/id1438352481?mt=2"> Apple Podcasts</a></p> <p><a href= "https://open.spotify.com/show/44jE3DxOjZQPok0H9D2jw3?si=7fhsalltRqGlwEbVqYnAQA"> Spotify</a></p> <p><a href="https://bit.ly/32qkOHJ">Google Podcasts</a></p> <p><a href= "https://www.stitcher.com/s?fid=245757&refid=stpr">Stitcher </a><br /> <strong>—————————————————————————————</strong></p> <p>For past episodes of 20/20 Money with full companion show notes, please check out our <a href= "https://integratedpwm.com/learningcenter/?cat=podcast">episode archive here!</a></p>