How to turn your stock market losses into a tax-savings windfall

Even sharp market sell-offs can have a silver lining for investors. Beyond today's dollar losses, they may offer an opportunity to boost tax savings tomorrow. President Donald Trump's April 2 announcement of "reciprocal" tariffs sent the major averages on a wild ride, spurring worries of stubborn inflation on one hand and heightened recession risk on the other. The S & P 500 has fallen more than 6% since news of the tariffs broke earlier this month, and the broad market index ended Wednesday roughly 14% off the high it reached in February. The sudden downdraft in stocks offers long-term investors at least one chance at redemption,...
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