Overview
The SMArtX Tax Loss Harvester (TLH) helps advisors identify and execute tax-loss harvesting opportunities by realizing short- and long-term capital losses that may offset capital gains or ordinary income.
The tool:
Monitors wash sales
Supports replacement securities
Tracks exclusions across related accounts
Supports both model-managed and advisor-managed portfolios
Why Advisors Use TLH
Advisors use TLH to:
Improve after-tax outcomes
Reduce realized gains
Harvest losses during market volatility
Maintain portfolio exposure while managing taxes
Key Concepts
Account Groups | Account Groups represent tax households and allow wash sale monitoring across related accounts. |
Harvest Rules | Harvest Rules define which losses qualify for harvesting based on:
|
Replacement Securities |
Replacement securities help maintain market exposure during the wash sale period. |
Wash Sale Monitoring |
SMArtX automatically applies exclusions across the Account Group to help prevent wash sales for 31 days. |
Accessing TLH
Navigate to:
Left Navigation → Tax Harvesting
The main interface displays:
Account Groups
Harvest Rules
Harvest Opportunities