Bernie Kent Contributes to

Bernie Kent, JD, CPA, PFS | December 10, 2015

We are at the time of year when many taxpayers are contemplating year-end tax planning for capital gains and losses. After six strong years of stock market returns without a single 10% downward move in the S&P 500, in 2015 we have experienced our first stock market correction since 2009. This has created some opportunities for tax loss harvesting. Also, there are taxpayers who still have capital loss carry forwards left over from the severe market decline in 2008-2009.

Generally it is best to take all capital losses as soon as possible, but there are exceptions. Included in the article are: FAQs, A description of tax rates that apply to capital gains, and the rules that apply to utilizing capital losses.


Written by:

Bernie Kent, JD, CPA, PFS

Chairman, Schechter Investment Advisors // Senior Advisor

Bernie Kent is Chairman and Senior Advisor at Schechter Investment Advisors in Birmingham, Michigan. Previously, Bernie was the Midwest Regional Partner in charge of Personal Financial Services for PricewaterhouseCoopers LLP, where he advised more than 25 CEOs of New York Stock Exchange listed companies as well as 25 families with more than $100,000,000 of net…