Now is the time to consider tax loss selling to offset your capital gains. By selling those stocks that haven’t worked out, you can apply the loss to your capital gains. Losses can be applied to gains made in the year you incurred the loss in addition to carrying all or the remainder of your loss forward to future years, or backward for up to three years. This means losses this year can still be used to offset a gain as far back as 2014.

Read more: Now is the time to consider tax-loss selling to offset capital gains, tax experts say