Nio Inc (NIO)

[bulls9999]

Tax loss selling is over:

Important dates to save in 2021

Tax-loss selling comes with many potential benefits, but it nevertheless has some strings attached. The key thing for investors to remember is that it has deadlines.

For Canada, the last day for tax-loss selling in 2021 is December 29. Stocks purchased or sold after this date will be settled in 2022, so any capital gains or losses will apply to the 2022 tax year. The system differs in the US, and based on information from the IRS, the last day for tax-loss selling this year is December 31.

Investors should always consult with an expert or review relevant tax documents directly for complete answers. This should not be considered tax advice.