Fidelity's TLH Tool

[jbsmith05]

Am I correct that Fidelity's TLH tool only shows you the amount of gains and losses that you could use to offset the gains. Meaning it's just a sell tool - it doesn't give you an like fund to get back into immediately. So in its case it's basically setup to let your sales order sit in cash until 31 days go by and then you could re-buy what you sold. Right??

[lazynovice]

This is news to me. Fidelity has a tax loss harvesting tool?

[jbsmith05]

This is news to me. Fidelity has a tax loss harvesting tool?

A bit of a hidden gem - https://oltx.fidelity.com/ftgw/fbc/ofol ... axStrategy

[lazynovice]

This is news to me. Fidelity has a tax loss harvesting tool?

A bit of a hidden gem - https://oltx.fidelity.com/ftgw/fbc/ofol ... axStrategy

Link did not work for me but I will look for it.

[jbsmith05]

This is news to me. Fidelity has a tax loss harvesting tool?

A bit of a hidden gem - https://oltx.fidelity.com/ftgw/fbc/ofol ... axStrategy

Link did not work for me but I will look for it.

Try this one - you have to be logged in first...maybe this will work - https://login.fidelity.com/ftgw/Fidelit ... axStrategy

[retired@50]

This is news to me. Fidelity has a tax loss harvesting tool?

I have a tax loss harvesting tool as well, it's called my brain. I use it all day, everyday.

Regards,

[SnowBog]

This is news to me. Fidelity has a tax loss harvesting tool?

A bit of a hidden gem - https://oltx.fidelity.com/ftgw/fbc/ofol ... axStrategy

Link did not work for me but I will look for it.

Link worked - but the tool is temporarily unavailable to me, reporting:

Temporarily Unavailable. This feature is not currently available for your accounts. This tool may not be used while you have open orders or when a cost basis update for a recent transaction is pending.

Which is true - I did a few TLH trades today - and have open orders for other trades...

That said, I'm curious for what this tool shows - and if it provides any benefits.

But looking at my current positions - and viewing their "lots" to see if any have "losses" - isn't very hard... So I just do that.

[NewbieBogle007]

Does the tool alert you if you’re about to break a rule?

[anon_investor]

This is news to me. Fidelity has a tax loss harvesting tool?

I have a tax loss harvesting tool as well, it's called my brain. I use it all day, everyday.

Regards,

Why does there need to be a tool? Just look at the tax lots and see which ones have losses before selling, no?

[GreendaleCC]

I just looked at it. It appears to help users view and prioritize positions to sell to achieve a loss of a specified dollar amount. Nothing too cosmic here as far as I can tell.

[Raspberry-503]

It doesn't appear to warn you of potential wash sales I TLH'd some VTI into ITOT less than 30 days ago but it's showing me so VTI shares to sell.

[SmileyFace]

It doesn't appear to warn you of potential wash sales I TLH'd some VTI into ITOT less than 30 days ago but it's showing me so VTI shares to sell.

Are you saying:
You sold VTI to buy ITOT and now it is showing you the option to sell more VTI?
If so - what's the problem?

[SnowBog]

OK - link worked today as all my pending transactions have processed...

Here's my initial thoughts:

• The initial view gives a nice summary of realized gains and losses as well as unrealized losses that could be harvested. Way better than digging through multiple "tax" pages and/or the lot details...
• That said, I'm not sure I like the "idea" of the tool - which seems focused on offsetting gains by selling losses...
• But you could put in a specific amount - like $1000 you want to harvest and advance...
• The next page shows a really nice consolidated view of all lots with losses, which is especially handy if you have several accounts and several positions. Let's me see on one page what would have taken multiple pages.

I didn't continue further - but it looked like you could enter in the # of shares to sell - to hit your target $ above - and then presumably submit the all the orders in one transaction... But I can't see I reason I'd ever use this... Per my $1000 example above - I don't want $1000 in cash sitting in my account... I want that $1000 to be reinvested in something - so I stay in the market...

I might use this as a "quick check" to see my realized gains/losses and lots with losses. That part I did like...

But most likely, I'll continue to setup TLH as "conditional trades" at Fidelity. I usually set these up in advance. For example, if I bought 100 shares @ $100, I'd have a $1000 loss if the price dropped to $90. So, I'll setup a "One-Triggers-the-Other" trade with a stop limit @ $90 on my initial fund, and then estimate the $ of my TLH pair and how many shares I could buy with that trade (and usually leave a buffer - as I want the trade to go through) which I setup as a limit buy order.

Unfortunately, this doesn't work for mutual funds - which for me is primarily muni bonds at this point. Those I have to do as manual "exchanges" when its TLH time...

[Doc7]

It doesn't appear to warn you of potential wash sales I TLH'd some VTI into ITOT less than 30 days ago but it's showing me so VTI shares to sell.

You can sell VTI as many times as you like….

[zincTwo]

I wish there was a way to navigate the menus to get to the tool, instead of storing the bookmark.

[flyingcows]

Be careful, such tools have no knowledge of your other accounts or your spouses accounts if MFJ

[WarAdmiral]

Be careful, such tools have no knowledge of your other accounts or your spouses accounts if MFJ

This. TLH should be valid across all your and your spouse's accounts incl 401k and IRAs.

[Raspberry-503]

It doesn't appear to warn you of potential wash sales I TLH'd some VTI into ITOT less than 30 days ago but it's showing me so VTI shares to sell.

Are you saying:
You sold VTI to buy ITOT and now it is showing you the option to sell more VTI?
If so - what's the problem?

Sorry for the confusion, I meant it shows that I can sell ITOT (VTI too. I agree not a problem)