tax-loss-harvesting

To identify tax-loss harvesting opportunities, this Skill scans your taxable investment accounts to detect positions with unrealized losses. It requires your tax and investment account data to accurately analyze holdings and flag actionable losses for optimizing tax efficiency.

To avoid wash sale penalties during tax-loss harvesting, this Skill verifies compliance with wash sale rules before suggesting replacement securities. It ensures recommended replacements maintain your desired market exposure without triggering tax penalties from repurchasing identical assets too quickly.

You can automatically generate an execution plan for selling unrealized losses using this Skill. It processes your investment data to produce a detailed trade plan that includes suggested replacement securities and estimated tax savings for optimized financial planning.

To automate tax-loss harvesting analysis, you need to provide comprehensive tax and investment account data. This input allows the Skill to scan for unrealized losses, suggest compliant replacement securities, and calculate estimated tax savings accurately.

You should not use automated tax-loss harvesting if your taxable accounts currently hold no unrealized losses or if you cannot provide the required investment account data. The Skill relies on existing unrealized losses to suggest compliant replacement securities and generate tax savings estimates.