Unexpected tax bills from your investments? It’s crucial to know the difference between realized and unrealized gains. Many miss key details on their 1099s, leading to paying more taxes than necessary.
Key Points:
- Review both your 1099 and December statements for accuracy.
- Offset gains with losses to reduce tax liability.
- Work with both your financial advisor and accountant to ensure accurate filings.
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Disclaimer: The information provided in this video is for educational and informational purposes only and should not be relied upon for making financial, tax, or legal decisions. Please consult your own professionals for personalized advice.