Creating and Editing Tax Harvest Rules

Creating and Editing Tax Harvest Rules

Tax harvesting rules determine how the Tax Loss Harvesting system should identify harvest opportunities for account groups. Each account group is assigned one harvest rule, but the same harvest rule can be assigned to multiple groups.

Creating a Tax Harvest Rule

  1. Navigate to Investment Management > Tax Harvesting > Harvest Rules.
  2. Click Create New Rule in the upper right.
  3. Fill in the rule parameters:
    • Rule Name: Be sure to give a descriptive name for selecting later.
    • Minimum Gain ($ or %) and Minimum Loss ($ or %) to Harvest Amount.
    • Minimum % Gain and Minimum % Loss on a Position or Lot: Lot means Specific Tax Lot, ignoring other Tax Lots of the position. Position means all lots within the position are netted.
    • Applies To: Select Lots, Positions, or both. If your custodian does not support VSP (versus purchase) trading, only Positions should be selected for the Minimum Percentage G/L.
  4. Once the parameters have been entered, click Create Rule in the bottom right.

The Harvest Rule is now ready to be Assigned to an Account Group.

Editing or Deleting a Tax Harvest Rule

From the Harvest Rules tab, click the More menu at the end of a Rule’s row to edit or delete an existing rule.

Rules can also be edited from the Account Groups tab by clicking the rule’s name in an account group row.

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