NO.PZ2023032703000016
问题如下：
Derran thanks Shield and Edge for their counsel. She decides that she would like to alter the portfolio by reducing the allocation to equity securities and adding exposure to both inflation-protected notes and corporate bonds. Because she will be paying capital gains taxes on the sale of the equity securities, she wishes to minimize future investment-related taxes. Derran makes the following comment: “My priority is for the annual donation to the PLU endowment to be funded from interest income and maturing bonds. At times, we may need to swap similar bonds for tax management purposes. Unless you are offsetting gains with losses, you should realize short-term gains while deferring short-term losses because I consider myself to be a patient investor.”
Is Derran’s comment most likely correct as it relates to tax loss harvesting? (2019 mock AM)
选项：
A.No. She is incorrect about short-term gains and short-term losses.
Yes
No. She is incorrect about offsetting gains with losses.
解释：
A is correct. Derran’s comment about realizing short-term gains while deferring short-term losses is not correct in the context of tax loss harvesting. Tax loss harvesting involves the timing of investment sales and thus the realization of gains and losses. Controlling the timing of realizing gains and losses can be valuable for a taxable investor because it may be optimal to delay realizing gains and related tax payments and to realize losses as soon as possible. Among the important considerations of tax loss harvesting is a comparison of short-term and long-term capital gains rates.
C is incorrect. Derran’s comment about offsetting gains with losses is correct in the context of tax loss harvesting.
请问如果题目中不写主人公想减少tax，他是要给endowment donate，那这笔钱是不是就是tax-exempt的？
