Tax-Loss Harvesting

Tax-loss harvesting opportunities are identified by scanning taxable accounts for positions with unrealized losses. This Skill analyzes your holdings, prioritizes candidates by loss amount and holding period, and calculates your current tax budget to determine the optimal losses to harvest.

Wash sale rule tracking works by checking and monitoring replacement securities across all household accounts for 30 days. This Skill ensures suggested replacements are not substantially identical, preventing wash sales that would disallow the tax loss.

To maintain market exposure while selling positions at a loss, this Skill suggests wash-sale compliant replacement securities. It generates a trade execution plan with simultaneous buy orders for alternative assets, keeping your portfolio balanced while capturing the tax loss.

Yes, you can use this for year-end tax planning across multiple client accounts. Financial advisors can systematically review household portfolios, identify harvesting opportunities, and generate the necessary trade orders and tax reporting documentation.

Trade execution plans for tax-loss harvesting are generated automatically after analyzing your unrealized losses and tax budget. This Skill outputs detailed sell and buy orders, estimated proceeds, and the expected tax impact for immediate portfolio execution.

Automated tax loss harvesting limitations include the complexity of managing wash sale windows across all household accounts. While this Skill tracks the 30-day rule across accounts, users must provide complete portfolio data to avoid missing overlapping positions that could trigger a wash sale violation.