Hi, I see in Vanguard that I have $517 in dividend capital gains in my brokerage account from vanguard funds and a few stocks. Any recommendation son how to offset this and if I should?
I have VEMAX short term loss of $600 if I sold?
I have VTIAX short term loss of $252 if I sold?
I have S(Sprint) ST loss $13 and LT loss $487(Total $500) if sold?
I'm not sure what the difference is with short/long term losses when it comes to dividend capital gains?
1. Should I sell one over the other or sell less volatile options over ones that may go up or down and then plan to buy back next year?
2. Could/should I just harvest all losses to offset income and buy back low funds next year?
3. Any vanguard options recommended?
4. These tax losses/gains only matter for brokerage right? (not ira or roth or 529?)
4. ...and finally, would it make sense to buy many funds at different times throughout the year to have many cost basis to choose from at the end of year to increase the likelihood of losses to offset gains?(I guess this would be more short term / just use vanguard funds to avoid transaction costs?)
P.S. Quick unrelated 529 question: We would like to start two funds for baby and toddler and live in Ohio. Any recommendations? Vanguard? Ohio College Advantage?
I have VEMAX short term loss of $600 if I sold?
I have VTIAX short term loss of $252 if I sold?
I have S(Sprint) ST loss $13 and LT loss $487(Total $500) if sold?
I'm not sure what the difference is with short/long term losses when it comes to dividend capital gains?
1. Should I sell one over the other or sell less volatile options over ones that may go up or down and then plan to buy back next year?
2. Could/should I just harvest all losses to offset income and buy back low funds next year?
3. Any vanguard options recommended?
4. These tax losses/gains only matter for brokerage right? (not ira or roth or 529?)
4. ...and finally, would it make sense to buy many funds at different times throughout the year to have many cost basis to choose from at the end of year to increase the likelihood of losses to offset gains?(I guess this would be more short term / just use vanguard funds to avoid transaction costs?)
P.S. Quick unrelated 529 question: We would like to start two funds for baby and toddler and live in Ohio. Any recommendations? Vanguard? Ohio College Advantage?