Low Tax Bracket? Consider Harvesting Gains
Some investors can step up their costs bases tax-free by pre-emptively selling appreciated positions.
Note: This article is part of Morningstar's November 2016 Year-End Tax-Planning Guide special report.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. Many investors might be familiar with tax-loss selling, but tax-gain harvesting is a little bit less familiar. I'm here with Christine Benz, she is our director of personal finance, to look who the strategy is appropriate for.