猫猫酱 · 2021年05月27日
“Unless you are offsetting gains with losses, you should realize short-term gains while deferring short-term losses.”
paraphrase this sentence, we have: unless you are using tax loss harvesting, you should realize short-term gains while deferring short-term losses. does not the word "unless" signal that there is a twist in the latter part of the sentence? should not it be describing a scenario in which realizing gains and deferring losses is preferable as opposed to tax loss harvesting?
发亮_品职助教 · 2021年05月27日
“Unless you are offsetting gains with losses, you should realize short-term gains while deferring short-term losses.”
这道题是这样，前面说了Unless you are offsetting gains with losses，这句话出现了，就说明后面这句话描述的是对立面。
即，You should realize short-term gain while deferring short-term losses是正常情况下，不考虑Tax loss harvesting时，应该考虑做的。
这句就完全错误了。因为如果不考虑Tax loss harvesting，仅仅是正常投资的情况下，是否需要Realize short-term gains其实是不知道的，主要取决于投资者对未来投资的预期，如果从税率的角度看，可能还要考虑短期Short-term capital gain tax与长期Long-term capital gain tax之间的比较。
同时，他说应该Deferring short-term losses，这点也错误，如果不考虑Tax loss harvesting，仅仅是正常投资的情况下，是否应该递延损失，完全取决于投资者对未来投资的预期，如果预期未来有盈利，那暂时持有该投资等待收益弥补亏损也是OK的，如果预期未来会有更多的损失，那应该是立即实现损失。所以，不考虑Tax loss harvesting的情况下，是否需要Defer short-term losses其实是不一定的。
所以，如果不考虑Tax loss harvesting，啥时候Realize capital gain or defer capital loss其实都是无所谓的，具体看投资者的预期。
如果考虑Tax loss harvesting，才需要优先考虑是否要Realize capital loss、递延Capital gain。
