Is it possible to view a long position broken down by tax lots in Interactive Brokers?
Is it possible to view a long position broken down by tax lots in Interactive Brokers?
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user19035 · External communityPost link
External question — Personal Finance Stack Exchange
Author: user19035
Original post: https://money.stackexchange.com/questions/132650
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In my Fidelity account, positions can be viewed broken down by tax lots as follows:
I find this incredibly useful when selling securities, because it makes tax-harvesting and other tax saving strategies really easy to execute.
Is there anything like this available in Interactive Brokers?
I am aware of the "Tax Optimizer" tool, but that requires you to sell your positions
before
being able to assign the sale to specific tax lots. I would like to simply view my tax lots
before
selling, so that I can figure out how much to sell from what tax lots to realize a desired amount of long and short term capital gains/losses.
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Bob Baerker · External communityPost link
External answer — Personal Finance Stack Exchange
Author: Bob Baerker
Original post: https://money.stackexchange.com/a/132652
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Like Fidelity, Vanguard does it the same way and I too find it easy to execute. OTOH, Interactive Brokers makes this utterly complex.
I looked at this some time back and my take was that it might be possible using their Tax Optimizer and selecting Specific Lots as the choice. Here's a 4 minute
VIDEO
that describes it. At about 2:20 it describes Specific Lots. That's about as far as I ever went because it seemed like the configuration had to be done every days and while it got you to the same place, it took excessive time and effort.
The best answer is to call tech support.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: user19035 Source score (net votes, not local likes): 0 Original post: https://money.stackexchange.com/questions/132650 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. In my Fidelity account, positions can be viewed broken down by tax lots as follows: I find this incredibly useful when selling securities, because it makes tax-harvesting and other tax saving strategies really easy to execute. Is there anything like this available in Interactive Brokers? I am aware of the "Tax Optimizer" tool, but that requires you to sell your positions before being able to assign the sale to specific tax lots. I would like to simply view my tax lots before selling, so that I can figure out how much to sell from what tax lots to realize a desired amount of long and short term capital gains/losses.
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