The Tax Optimizer Window
Instructions
Main Window
When you first open the Tax Optimizer, the screen displays:
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Information about your profit and loss for the current day or the prior day (depending on your selection in Client Portal) as well as the current trade date.
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The default matching method for your account and the default matching method for today. If you change the matching method for today, it overrides the account default matching method for today only.
- A list of your positions, and the current day's short term and long term profit and loss for each symbol.
- All open lots and closing trades for the selected symbol, including tax lots spawned by voluntary corporate actions that are booked at approximately 7:00 PM ET.
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The profit and loss for each open lot that is closed under the current matching method.
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1099-eligible customers only - The Price for lots affected by wash sales displayed in the Tax Lot Details panel is derived from the adjusted cost basis for the wash sales, if applicable. However, same-day wash sales are not included.
Match Details Window
The Match Details window is where you manually match sales to open lots (only when the matching method is Specific Lot). The Match Details window displays:
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The open lot you selected in the Tax Details Panel.
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All possible sales that could be matched to that open lot.
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For lots whose matching method is Specific Lot, a Quantity field in which you enter the number of shares or contracts to match. This is how you manually match sales to open lots.
