@TaxAlphaInsider@CaydenWMcLaugh Not true. At most it’s 20bps for the sma. Usually less. If someone is paying 1.7% to an advisor that’s a different issue.
@7Saturdaysaweek@chadthetruther@shane_sideris There are a ton of white papers explaining the process. Simply, you build a loss carry forward that offsets gains. Either in the portfolio or from other sources. Hence the net tax advantage.