If American investors can incur losses in a given tax year by putting money into tax-aware accounts, they can offset gains elsewhere in their portfolio and reduce their tax bills. There are a few ways for them to do this https://www.economist.com/finance-and-economics/2026/10/06/in-search-of-tax-alpha?taid=6acb75930941d100015ac468&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter