I own a TROWE Mutual fund in a taxable account that has huge gains, ( I have held it for a long time ) it has grown to become very concentrated, but would be a huge tax hit to unwind . There are several individual distributions that are negative, both Long Term and Short term which I can sell to harvest the losses to use against other capital gains. That would increase gains in the holding, and exacerbate the eventual unwinding of this position - unless it is donated . What is the smart thing to do here ?
I'd like to be aware of unintended consequences. I am still working , so in a higher tax bracket .