December 2025 has arrived, and if you hold dividend stocks or mutual funds in a regular brokerage account, chances are good that at least a few of your positions are showing losses. The market handed us plenty this year. Technology and growth funds got crushed in the spring tariff panic, small-company stocks spent months in the red, and even some usually dependable dividend payers took a beating when interest-rate fears flared up again. Those paper losses are not just painful to look at—they are one of the last legitimate tax breaks still available to ordinary investors.
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