2022 has been a volatile year in the stock market. Year-end planning will undoubtedly include tax-loss harvesting to offset capital gains for many clients. As you approach this with your clients, it’s important to keep the wash sale rules in mind. In this PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Mark Fichtenbaum, CPA. Mark answers the following questions.

What is the intent of the wash sale rules and what are some simple ways around this?
How can you structure a transaction to keep the same position and realize a loss?
How do these rules apply to cryptocurrency?
What do planners need to watch out for with mutual fund capital gain dividends?
What do planners need to think about related to clients who have passed in the last 15-20 months?

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.

Learn more about this and other year-end planning strategies at Bob Keebler’s webcast on November 17th and 28th (free with CPE for PFP Section members).
Find Bob’s decision charts in the Proactive Planning Toolkit, exclusive to AICPA PFP Section members.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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Harvesting losses without triggering a wash sale {PFP Section}

AICPA Personal Financial Planning (PFP)