Year-End Financial Planning: Tax Loss Harvesting for U.S. Expats & Americans Abroad

Year-end means many things: holidays, new year’s resolutions, and plenty of holiday-themed foods, which necessitate certain new year’s resolutions. But year-end in the financial world also means tax loss harvesting. In this episode, Stan Farmer, CFP, J.D., and Syl Michelin, CFA, explore the world of tax loss harvesting for U.S. expats and Americans abroad.

In a sentence, tax loss harvesting simply means selling certain investments at a loss to reduce your tax bill or offset capital gains. Capital gains – either short-term or long-term – come when investments are sold and have appreciated beyond the price at which they were initially purchased. For example, you purchased Apple stock at $40.56 a share in 2018 and sold in 2022 when Apple was at $140.09. As is the case with many expat financial topics, tax loss harvesting becomes more complicated when you’re living outside the U.S. But it is still an important topic to explore.

Questions on tax loss harvesting as an expat? Or other topics you’d like us to cover in future episodes? Send us an email at podcast@walknercondon.com or book an appointment with one of our advisors.

LINKS

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Educational Materials for Expats (usexpatinvesting.com/educational-materials-for…)

Contact Us (usexpatinvesting.com/contact)

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