Tax-loss selling can turn 2022 losses into 2023 gains

2022 is a year most stock market investors will want to put behind them. But there could be a silver lining in this year’s carnage for investors who dump their dogs before the year ends.

It’s called tax-loss selling and it brings an opportunity to use those equity market losses to recoup tax paid on capital gains in the past, or eliminate tax on capital gains in the future.