When creating or editing a harvest rule, the user has the option to schedule automatic harvesting.

Users have the option to define a schedule, whereby automatic review of opportunities and approval of trades will take place.

When a Harvest Rule's schedule (the Harvest Scheduler) is active, all tax groups linked to the rule automatically have available opportunities processed and trades submitted on the specified frequency.

When combined with a default replacement security, model sleeves trade into the replacement security during the wash sale period. For Managed Portfolio sleeves, the Harvest Scheduler sends the harvest sales only, and the proceeds stay in cash until you run the rebalancer.

Best practice: turn the Harvest Scheduler On only when the system should automatically process opportunities and send orders.

When making replacement security decisions, decide whether a single replacement security can be used for all harvested losses, if so use a default replacement security and consider enabling the Harvest Scheduler. If different replacement securities should be selected on a symbol-by-symbol basis, do not enable the Harvest Scheduler and instead view Opportunities manually.