Tax Optimization Tools
Tax Dashboard
Tax Dashboard gives you a complete tax overview:
- Realized gains/losses (short-term vs long-term)
- Unrealized gains/losses
- Dividend income (qualified vs ordinary)
- Estimated tax liability
Tax-Loss Harvesting
Tax-Loss Harvesting identifies opportunities:
- Scans all portfolios for positions with unrealized losses
- Calculates potential tax savings at short-term (37%) and long-term (20%) rates
- Identifies wash sale risks (same security within 30-day window)
- Suggests replacement securities
Wash Sale Rule
The IRS disallows a loss if you buy the same security within 30 days before or after the sale. The platform tracks this 61-day window automatically.
Tax Lots
Tax Lots shows individual lot-level detail:
- Purchase date, shares, cost basis per lot
- Holding period (short-term vs long-term)
- Unrealized gain/loss per lot
Tax Lot Optimization
Lot Optimization recommends which lots to sell:
- FIFO — First In, First Out (default)
- LIFO — Last In, First Out (maximizes short-term losses)
- Specific Lot — Choose the optimal lot for tax efficiency
Additional Tax Pages
| Page | Description |
|---|---|
| Tax Documents | Generate tax-related documents |
| Tax Opportunities | Identify additional tax-saving strategies |
| Year-End Planning | Year-end tax planning checklist |
| Tax History | Historical tax lot and gain/loss records |
Important: Always consult a tax professional for personalized advice.