What problem does it solve?
Investors and advisors struggle to consistently identify and prioritize tax-loss harvesting opportunities, manage wash-sale risks across household accounts, and quantify the actual tax benefit of harvesting trades. This Skill codifies a repeatable workflow to scan taxable holdings, prioritize candidates by tax benefit and holding period, suggest non-substantially-identical replacements, and produce the execution and reporting artifacts needed for compliance and bookkeeping.
Core Features & Use Cases
- Candidate identification & prioritization: Scan taxable accounts to list positions with unrealized losses and rank by absolute loss, short-term priority, and loss percentage.
- Tax impact estimation: Compute estimated tax savings using marginal ordinary income and capital gains rates, apply $3,000 annual ordinary income offset rules, and consider carryforwards.
- Replacement security recommendations: Propose alternative ETFs/ETNs or sector exposure that preserve market exposure while avoiding "substantially identical" wash-sale triggers.
- Wash-sale validation & tracking: Check household accounts for prior purchases, flag dividend reinvestments (DRIPs), and produce a 30-day wash-sale calendar for each trade.
- Outputs for execution and reporting: Export harvest opportunity lists, trade execution tables, wash-sale tracking calendars, and a tax-savings summary (Excel or CSV).
Quick Start
Scan my taxable accounts for unrealized losses, recommend replacement securities that avoid wash-sale rules, estimate tax savings, and produce a harvest spreadsheet and wash-sale calendar.
