Now introducing commission-free online trading.
Understanding tax-loss harvesting
Potential benefits of tax-loss harvesting
- Offset taxes on capital gains and also up to $3,000, per year, on taxable income
- Checking daily for opportunities, while keeping your money in the market
- An automated service, so all you have to do is turn it on
How it works
Every trading day, your account is reviewed for any potential tax savings and is processed for you automatically.
TD Ameritrade Investment Management, LLC ("TDAIM") and its affiliates do not provide tax advice. We suggest you consult with a tax-planning professional with regard to your personal circumstances as to whether the TDAIM tax-loss harvesting feature is appropriate for you. This feature generally would be more beneficial to investors in higher tax brackets and high-tax states.