Q: What is a Harvest Rule?
A: A Harvest Rule defines the criteria used to identify harvesting opportunities, such as minimum dollar or percentage gain/loss thresholds and whether the rule applies at the position level, lot level, or both.
Q: Can a single Harvest Rule be used across multiple Account Groups?
A: Yes. Once created, a Harvest Rule can be applied to any number of Account Groups.
Q: Should I use dollar-based or percentage-based rules?
A: This depends on your strategy. Dollar-based rules provide more precise tax targeting, while percentage-based rules may be better suited for portfolios of varying sizes. Many advisors use a combination depending on client objectives.