I Asked ChatGPT To Explain Tax-Loss Harvesting Like I’m 12 — Here’s What It Said

I’m aware of tax-loss harvesting — selling losing investments at year’s end to offset capital gains — but I failed to pull the trigger in December because I didn’t understand the idea well enough to implement a strategy. Planning ahead for next year, I asked ChatGPT to outline the concept of tax-loss harvesting, but to dumb it down as if a 12-year-old were asking, and it delivered this “no suits, no spreadsheets” overview. The Lemonade Stand Example ChatGPT used an analogy that’s familiar to many young ...