Educational Materials
for U.S. Expats

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

Dec 20, 2022 | Investment Concepts, Podcasts

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. 

Walkner Condon Financial Advisors is a registered investment advisor with the SEC and the opinions expressed by Walkner Condon Financial Advisors and its advisors in this piece are their own. Registration with the SEC does not imply a certain level of skill or training. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

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Information in this piece does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Readers are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.