Page 1 of 1

Tax Loss Harvest - How do I see the loss?

Posted: Mon Mar 09, 2020 5:45 pm
by BHawks87
I put the order in today for a mutual fund and sold about 6 lots. Do I have to wait until tomorrow to see how much the loss is based on the close price or is there a way to find it now?

Re: Tax Loss Harvest - How do I see the loss?

Posted: Mon Mar 09, 2020 5:47 pm
by H-Town
In Excel? One should independently calculate the tax loss harvested at the market close price. Vanguard will show the amount of realized loss the day after the transaction.

Re: Tax Loss Harvest - How do I see the loss?

Posted: Mon Mar 09, 2020 6:34 pm
by Gill
You can calculate it now. Look at the closing price of what you sold. I assume you know the basis of the shares sold.
Gill

Re: Tax Loss Harvest - How do I see the loss?

Posted: Mon Mar 09, 2020 7:04 pm
by PhysicianOnFIRE
BHawks87 wrote: Mon Mar 09, 2020 5:45 pm I put the order in today for a mutual fund and sold about 6 lots. Do I have to wait until tomorrow to see how much the loss is based on the close price or is there a way to find it now?
If you look at the unrealized losses, that should give you some idea of what you actually realized, assuming you sold/exchanged all of the unrealized losses today.

But waiting a day is easier.

:beer
-PoF

Re: Tax Loss Harvest - How do I see the loss?

Posted: Mon Mar 09, 2020 7:56 pm
by BHawks87
PhysicianOnFIRE wrote: Mon Mar 09, 2020 7:04 pm
BHawks87 wrote: Mon Mar 09, 2020 5:45 pm I put the order in today for a mutual fund and sold about 6 lots. Do I have to wait until tomorrow to see how much the loss is based on the close price or is there a way to find it now?
If you look at the unrealized losses, that should give you some idea of what you actually realized, assuming you sold/exchanged all of the unrealized losses today.

But waiting a day is easier.

:beer
-PoF

Thanks for the help!

This was my first tax loss harvest and it was your guide that walked me through it! :sharebeer

Re: Tax Loss Harvest - How do I see the loss?

Posted: Tue Mar 10, 2020 10:58 am
by PhysicianOnFIRE
BHawks87 wrote: Mon Mar 09, 2020 7:56 pm
PhysicianOnFIRE wrote: Mon Mar 09, 2020 7:04 pm
BHawks87 wrote: Mon Mar 09, 2020 5:45 pm I put the order in today for a mutual fund and sold about 6 lots. Do I have to wait until tomorrow to see how much the loss is based on the close price or is there a way to find it now?
If you look at the unrealized losses, that should give you some idea of what you actually realized, assuming you sold/exchanged all of the unrealized losses today.

But waiting a day is easier.

:beer
-PoF

Thanks for the help!

This was my first tax loss harvest and it was your guide that walked me through it! :sharebeer
That's great! I'd link my Vanguard guide if I thought it wouldn't get me in trouble. :beer

Re: Tax Loss Harvest - How do I see the loss?

Posted: Tue Mar 10, 2020 10:59 am
by Jack FFR1846
I've only TLH at Schwab and at the end of the year, they'll send a summary that includes this.