Cut Your Tax Bill with Automated Tax Loss Harvesting
We automatically reduce capital gains taxes by temporarily selling your stocks when they’re down. Link your broker and we tell you which positions maximize tax savings.
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Our average customer saves over $10,000 a year in taxes
Speed & Security
Flexibility & Scalability
Better Collaboration
How does Tax-Loss Harvesting can make you more money?
Tax-Loss Harvesting helps you accomplish 2 critical goals. The first is offsetting any realized capital gains. The second is consistently stepping up your cost basis, 100% tax free.
When you claim a loss on an investment, you can lower your tax bill at the end of the year, which means more money to reinvest. And when you constantly step up your cost basis, it means you'll eventually pay less capital gains on the stock when you finally decide to sell it for good
Don’t take it from us, hear from our happy customers
My favorite thing about TaxHarvest is similar stock recommendations. The key to this tax strategy working is that I want to keep
They work fully in the background and save me money while I sleep
Deena Levies,
Mission Bay
I never knew that offsetting capital gains could be so easy. I am a pretty new investor and didn’t know about this strategy.
I saved $8,000 last year
Tom Smithenson, Parkmerced
TaxHarvest keeps my exposure the same while letting me offset my capital gains tax.
They’ve saved me about 10 hours a week and $14,000 last year
Tilly Green,
Hayes Valley
Some Common Questions We Hear
How money can I save?
Well that really depends on how much money you have & your portfolio. If you don't have any positions that are down, then we won't be able to save you anything. But that's unlikely, so we promise we will use the best algorithms to save you as much as possible. Our average customer saves around $10k per year.
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What about wash sales?
The IRS defines a wash sale as buying back a stock you've sold (or one that is "substantially identical") within 30 days. When we harvest a loss, we use advanced machine learning to recommend a similar stock. It's not identical, but is highly correlated with the stock we sold, to keep your portfolio more or less the same. We then buy the original stock back after 31 days, so you maintain your exposure
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Do you need access to my broker?
We don't need it, but our software works much better if you grant us access. You can just upload your account statements, and we will tell you different trades to make. But, without access, we can't continuously optimize and monitor.
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What kind of accounts does this work on?
Tax-Loss Harvesting is only relevant to taxable accounts. It doesn’t apply to tax-advantaged accounts like a 529, IRAs or 401(k)s, since gains and losses in those types of accounts are not taxable events.
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How much can I harvest each year?
In general, you want to off-set all of your gains - as much as you reasonablly can. If you happen to have more losses than gains, you don't want harvest more than $3,000 in the red. We can save those losses for future years
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How does TaxHarvest know what stocks to sell?
We've designed complex machine learning algorithms to choose the optimal time to sell these stocks. It's not perfect, and there's chance we might sell a winner. But with our stock replacement algorithm + our timing algorithms, our data shows that we save you money in the long run. Also, you can always flag certain stocks to never sell.
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Analyze Your Portfolio
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Track Your Gains
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Recommend Similar Stocks
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