5 Levers to Control Capital Gains on Your Tax Return
Episode description
Questions? Thoughts? Send a Text to The Optometry Money Podcast!
Evon continues the year-end tax planning theme and talks all about how investment income and capital gains impact your tax return.
He dives into how your investment account creates income, how it's taxed, and 5 levers you can pull to control capital gains on your tax return. This episode is a great example of how all the different parts of your finances - investments, taxes, charitable donations, cash flow needs - are all intertwined. You should look at them together when making financial decisions.
Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.
Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices.
Resources mentioned in the show:
- Get Started - Optometry Wealth Advisors
- Schwab: Watch Out for Wash Sales
- Investopedia: Long-term vs. Short-term Capital Gains
- Schwab: How to Cut Your Tax Bill with Tax Loss Harvesting
The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.