Steps to Create an Account Group
Click Create New Account Group
Enter group details
Select filing status
Define tax goals
Assign Harvest Rule
Add eligible accounts
Save
An Account Group is created from the Account Groups page via Create New Account Group, which opens the New Group sheet. Enter a Tax Group Name, Filing Status, Tax Year End, Tax Year Goals (short- and long-term), and Short-Term Tax Rate; select a Harvesting rule from the dropdown, or create one via Create New Rule; add accounts by account number or name; confirm configurations for Wash Sale Monitoring and Harvest Taxes; then click Save Group.
After Creation
SMArtX immediately begins:
Identifying harvesting opportunities
Best practice: leave Monitor Wash Sales checked in the Account Group to prevent repurchasing harvested symbols during the restriction period.