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Tax Loss Harvesting for U.S. Expats & Americans Abroad

Tax Loss Harvesting for U.S. Expats & Americans Abroad

One of the many things year-end in the financial world means is tax loss harvesting.

In this episode of Gimme Some Truth for Expats, Stan Farmer, CFP, J.D., and Syl Michelin, CFA, explore the world of tax loss harvesting, particularly the case 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. 

Stan and Syl delve more into the definition and basic components of tax loss harvesting. They follow with examples and how it applies to U.S. expats and Americans abroad. As is the case with many expat financial topics, tax loss harvesting becomes more complicated when you’re living outside the U.S. And, punctuated by Syl’s laugh about it in the episode, there’s a lot more to tax loss harvesting than meets the eye, which is how this episode ended up as nearly 40 minutes. But it is still an important financial topic for expats to explore. 

Questions about tax loss harvesting as an expat? Other questions about living abroad as an American? Send them to us, and we might feature them on a future episode of the podcast. You can also reach out to our team and speak directly with an advisor by tapping the buttons below. 

College Savings for U.S. Expats and Americans Living Abroad

College Savings for U.S. Expats and Americans Living Abroad

Saving for their children’s college experience is often a financial goal that many of our clients living in the U.S. want to accomplish. But that goal becomes more convoluted when you’re an American living outside the U.S. trying to send your child to university, whether they’ll eventually be attending a school internationally or one in the U.S.

In this episode, our team of U.S. expat financial advisors – Stan Farmer, CFP®, J.D.; Syl Michelin, CFA; and Keith Poniewaz, Ph.D. – break out the lesson plan and teach you the basics about college savings and how to navigate it as a subject. Unfortunately, the investment vehicles available to Americans living in the U.S. become considerably more complex when you move away. But there are still ways to work around those complications, which we delve into, as well.

Questions about this episode or topics you’d like us to cover in future episodes of our ‘Intro to Expatriation’ series? Let us know by sending an email to [email protected]

Can a Non-Citizen or Foreigner Invest in the U.S.?

Can a Non-Citizen or Foreigner Invest in the U.S.?

Are you a non-resident alien or non-U.S. citizen looking to invest in the U.S.? If you are, you might be wondering if it’s even possible to invest in the U.S. as a foreigner. 

Whether you’re part of a cross-border family or simply a non-U.S. citizen trying to invest in the U.S., there are quite a few myths and misconceptions about doing so as a non-American. We haven’t touched on this subject before, but we’ve still had a recent deluge of inquiries about investing in the U.S. as a foreigner. So we thought it was time to cover this subject more in-depth in what’s likely to be a multi-part series on the podcast.

In this episode, Keith Poniewaz, Ph.D.; Stan Farmer, CFP®, J.D.; and Syl Michelin cover the background on the topic and dive into the complications of investing in the U.S. as a non-American from both an inheritance perspective and income tax perspective. And when you’re investing abroad, the situs of the assets is critical. Simply put, the situs is the jurisdiction where property belongs for legal or tax purposes – in this case, the assets in which you’re investing. Keith, Stan and Syl define U.S. situs assets and non-U.S. situs assets, and how the situs status can impact your portfolio.

Questions about investing in the U.S. as a non-U.S. citizen or nonresident alien? Send them to us, and we might feature them on a future episode of the podcast. You can also reach out to our team and speak directly with an advisor by tapping the buttons below. 

PODCAST: 2021 Q3 Market Recap

PODCAST: 2021 Q3 Market Recap

Walkner Condon’s Syl Michelin, a Chartered Financial Analyst, is joined by Stan Farmer, CFP®, J.D., and Walkner Condon co-founder Clint Walkner to break down the most recent quarter of 2021 and look ahead to the final quarter of the year. (Where did the time go in 2021?)

The three discuss a somewhat turbulent last three months – at least, more so than we’ve seen since 2020 – how September has a reputation for being the worst month for the S&P historically (although you can’t game it, as Clint reminds us), and more. 

PODCAST: 2021 Q2 Market Recap

PODCAST: 2021 Q2 Market Recap

Clint Walkner teams up with two of Walkner Condon’s U.S. expat financial advisors Syl Michelin, a Chartered Financial Analyst®, and Stan Farmer, CFP®, to discuss the second quarter and look ahead to Q3 of 2021.

In another good quarter that has seen the S&P hover around all-time highs, things started rather uneventfully but then changed in June, as the tech sector got its groove back. The trio takes a trip down memory lane, framing the current tech atmosphere in terms of the late 90s and early 2000s, including a comparison between the Bulletin Board System of internet yesteryear and the new age, the Wall Street Bets subreddit. They also pose and explore the perplexing question related to the valuation spread in the S&P 500 and finish by revealing their favorite trend to watch – meme stocks or cryptocurrency?  

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