If these securities have been held for <1 year, their gain/loss goes into the short term bucket. So losses (in this case, writedowns) can offset the size of distribution, which is a bad deal for investors.
To a personal investor (e.g. mentioned in the world of WealthFront/Betterment), this is 'tax loss harvesting'.
If these securities have been held for <1 year, their gain/loss goes into the short term bucket. So losses (in this case, writedowns) can offset the size of distribution, which is a bad deal for investors.
To a personal investor (e.g. mentioned in the world of WealthFront/Betterment), this is 'tax loss harvesting'.