If you're a shareholder of J.C. Penney (JCPN.Q) or Abercrombie & Fitch (ANF -0.24%), then you'd be excused for being glum this holiday season, as both companies saw their share prices tank throughout the past year. But there may be a silver lining. As Motley Fool contributor John Maxfield discusses in the video below, given the recently enacted increase in top marginal tax rates for capital gains, it may be a great time to have capital losses to net against gains.
With the recent change in tax policy, taxpayers are now facing higher top marginal tax rates for capital gains. It's for this reason that shareholders of J.C. Penney and Abercrombie & Fitch may actually have something to celebrate.
John Maxfield has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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