When your investments do well, you have to pay taxes on your earnings. But the reality is that some of your investments will probably lose money. Tax-loss harvesting is a strategy where you sell low-performing stocks to balance out your profits from selling high-performing investments. You'll only have to pay taxes on your net profit, or the money you've lost subtracted from the total amount you made. Tax-loss harvesting is an automatic feature of all Plenty portfolios.
We wrote a blog post about this - check it out here for more details about tax-loss harvesting.
Please note that tax-loss harvesting is only available when using a Premium portfolio. There's no extra fee for using a Premium portfolio, but they are only available for Joint Goals. For Plenty's disclosures on tax loss harvesting and wash sales, please see Plenty's general disclosures here.