Bonds have taken a beating in 2022, but the damage to your portfolio may be less than meets that eye, provided you handle those losses in a tax-smart way. That’s because a technique more commonly associated with equities can ease the pain of this year’s fixed-income losses. That technique is tax-loss harvesting, although when applied to bonds there are some key differences from the way the process is used with stock losses. Here’s what you need to know. A financial advisor can help you adjust your financial plan to deal with investment losses in bonds and other assets.
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