Spring 2017 Issue of Horizons

If such a security is purchased, the IRS will disallow the loss. You can still purchase assets targeting a similar industry in order to have exposure to the market; however, it is always best to contact your tax advisor prior to taking any action. When reviewing your tax-loss harvesting strategy, you should also consider the income levels at which the net investment income tax applies.

This tax applies to taxpayers filing married, filing jointly and single filers with adjusted gross income levels in excess of $250,000 and $200,000, respectively. Planning around these income thresholds will help to minimize your tax bill.

WEALTH ADVISORY SERVICES GROUP

The RubinBrown Wealth Advisory Services Group helps clients identify, prioritize and achieve their financial goals and objectives utilizing an experienced group of professionals that can integrate income taxes, estate taxes, financial planning, risk management and investment management needs, all in one place, throughout their lifetimes.

For more information, visit www.RubinBrownWealthAdvisors.com/Tax .

Cheryl Heller, CPA, CGMA Partner Wealth Advisory Services Group 314.290.3340 cheryl.heller@rubinbrown.com

Mary Ramm, CPA Partner Wealth Advisory Services Group 816.859.7906 mary.ramm@rubinbrown.com

Scott Quinn, CPA/PFS, CFP ® Partner Wealth Advisory Services Group 314.290.3448 scott.quinn@rubinbrown.com

Spring 2017

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