tax-loss-harvesting

What problem does it solve?

This Skill helps you identify and plan tax-loss harvesting opportunities to reduce your current tax liability by strategically selling assets at a loss.

Core Features & Use Cases

• Opportunity Identification: Scans your portfolio for positions with unrealized losses.
• Scoring & Prioritization: Ranks opportunities based on loss magnitude, holding period, wash sale risk, and potential tax savings.
• Net Benefit Calculation: Determines if harvesting a loss is financially worthwhile after accounting for transaction costs.
• Wash Sale Compliance: Provides guidance on avoiding wash sale rule violations.
• Carryforward Tracking: Manages annual loss deduction limits and indefinite loss carryforwards.
• Use Case: Before year-end, use this skill to find the most advantageous assets to sell at a loss to offset your realized capital gains, minimizing your tax bill.

Quick Start

Use the tax-loss-harvesting skill to scan my portfolio for opportunities and generate a harvesting plan.