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A comment on UBS Acquires Wealthfront for $1.4B. Parent comment

Re:UBS Acquires Wealthfront for $1.4B by mrep on Thursday January 27, 2022 @05:31AM (#30098681)
Except you are still going to pay those taxes when you do sell, you are just delaying the taxable event so I wouldn't consider that money actually saved.

What is the situation where that is actually useful? Take me for example, I invested for 5 years in VTI and then sold it for a downpayment. What would their TLH do for me in that situation because I didn't need to offset cap gains in those middle years and the end year both get hit with cap gains.

Doesn't seem to do anything except charge a higher fee and create more irs paperwork in that situation.

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Re:UBS Acquires Wealthfront for $1.4B by erik_seaberg on Thursday January 27, 2022 @09:59PM (#30110232)
True, if you cash out that soon you only get use of the tax money for a little while. I like TLH for the same reason I like a traditional 401(k). Right now I’m getting a Bay Area tech salary and RSUs, and I want to defer some taxes until I’m in a lower bracket.
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Re:UBS Acquires Wealthfront for $1.4B by Scoundreller on Thursday January 27, 2022 @10:00AM (#30101327)
If we’re talking about the first $3k of losses applied to income account instead of capital account, it is saving you taxes by turning capital losses into income losses where the tax benefits are greater.
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