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Here's Why Lyft stock is ordinary income, just like short-term capital gains, which can be and hold.
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Here's Why Lyft stock is ordinary income, just like short-term capital gains, which can be and hold.
The best way to maximize the value of tax-loss harvesting is to incorporate it into your year-round tax planning and investing strategy. If you hold an investment for more than a year before selling, your profit is considered a long-term gain and is taxed at a lower rate. Capital gains taxes are an inevitable part of investing. Learn more about capital gains and cost basis.
