Does Robinhood offer tax loss harvesting?
How do you manage your losses/profits for taxes?
Don’t think so. Robinhood is not a Robo Advisor.
yes, it does in the DIY way, tax loss harvesting is just selling stocks at a loss and buying equivalent ones or wait 30days and if that stock you sold continued to fall you can buy it again at a lower price. You can also do it the way that roboadvisors do buying an ETF and when the price falls you sell and buy an equivalent one which has also fallen. I you don’t want to manually buy and sell stocks you will be better using wealthfront which does a pretty good job diversifying and harvesting taxes.
Does anyone know how tax works in the following case? Let’s say I have 2 different stocks A and B. I sell stock A at a profit of X$. I sell stock B at a loss of X$. That is net I don’t make any profit. Do I still owe tax?
Do it yourself?