What is VSP?
Versus Specific Purchase (VSP) refers to a custodian’s ability to trade specific tax lots regardless of the default lot relief method.
Why VSP Matters
With VSP:
Advisors can target exact loss lots
Gain lots can remain untouched
Without VSP:
Custodian default methods apply
FIFO may sell gain lots unexpectedly
VSP CustodiansAdvisors can:
|
Non-VSP CustodiansHarvesting occurs at the:
SMArtX displays estimated lots, but actual execution follows custodian methodology. |
Best Practices
VSP CustodiansUse:
| Non-VSP CustodiansUse:
|