Tim expertly covers the three main types of accounts individuals may possess and their corresponding tax implications with capital gains. He also talks about tax loss harvesting as a way to offset gains and reduce tax liability with caution.

Finally, he explores the potential tax burdens of passing on money in different types of accounts to beneficiaries.

For more information, visit the show notes at https://erwealth.com/podcastblog/tax-efficiency-tax-loss-harvesting-and-step-up-in-basis