Learn how PNC Investments does business, including our qualifications, business practices, fee schedules, and options for how you can work with us by reviewing our Client Relationship Summary, Overview of Products and Services and more. View Details »
Tax-Loss Harvesting
with PNC Investments
How It Works
Tax-loss harvesting – offsetting capital gains with capital losses – can lower your tax bill and better position your portfolio going forward.
Tax-loss harvesting can be helpful in reducing or even eliminating your tax bill in a taxable brokerage account. Tax-loss harvesting lets you manage your tax burden by selling securities like stocks, bonds, mutual funds, and ETFs at a loss to offset the taxes owed on capital gains elsewhere in your portfolio (or even your income). Doing this creates more tax-efficient investing and can even be used to offset taxes owed on regular income.
When considering tax-loss harvesting you should understand the differences between short- and long-term losses and how they are taxed.
If you’ve held a security for at least a year and sell it for more then you paid, you’ll owe long-term capital gains tax on the profit. If you held the investment for less than a year, you’ll have short-term capital gains, which are taxed as regular income. You can use losses to offset either type of gain, but if you have both, consider offsetting short-term gains first because they are usually taxed at a higher rate.
Harvesting losses regularly and proactively can save you money over the long run, effectively boosting your returns.
Additional fees, commissions, or trading charges will apply to tax-loss harvesting. There is no assurance that the benefits of tax-loss harvesting will exceed applicable fees, commissions, or trading charges in any given year.
Working with PNC Investments
Neither PNC Investments nor your Financial Advisor provide tax advice. You should review your tax situation with your own independent tax professional to fully evaluate how you may benefit.
Insights
Invest
5 Key Considerations When Reviewing Your Current & Future Insurance Needs
Could you be doing more to protect your family and your future?
2 min read
Invest
How an Annuity Can Provide Regular Payments in Retirement
Just because you retire doesn’t mean your income has to as well
2 min read
Invest
When Should You Hire a Financial Advisor?
Key times to consider getting professional financial advice.
4 min read
Get Started
Start your tax-efficient management journey now.
Call Now
Mon - Fri: 8:30 a.m. - 5 p.m. ET
Visit Us
Find a PNC location near you and stop by to see us.