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The sale was completed in 2014, but Thomas said he erroneously thought he didn’t have to report it because “this sale resulted in a capital loss.”

Tax loss selling is when an investor sells an asset at a capital loss to lower or eliminate the capital gain realized by other investments, for income tax purposes.

However, if you sell investments for less than you paid, you can also incur a capital loss.

It’s better to adjust your spending habits to the low-rate environment than it is to risk a permanent capital loss by reaching for yield.

A rise in bond yields means a fall in bond prices, or a capital loss.