How to Tax Loss Harvest (in Vanguard) – A Video Tutorial

• Tax Loss Harvesting (TLH) is one of the great coupons the IRS gives to ALL tax payers
• It is an “above the line deduction” that does not require you to itemize deductions (you can take the standard deduction)
• You can only tax loss harvest in a TAXABLE account
• I walk you through an example of tax loss harvesting on 12/24/2018 of shares I bought on 12/21/2018
• This takes you screen by screen of the entire process in Vanguard as well as your 1099-B and filing your taxes
• For 2018, you will file a schedule D (capital gains form), a new schedule (Schedule 1), and transfer your loss, up to $3000 to your 1040