Click any of the tabs or subtabs above to view the main help page for your selection.
Considerations
Use this page to simulate the tax impact of a trade based on information in your portfolio. The What-if tool allows you to evaluate the impact of a trade before executing the trade with your broker.
Note: The What-if tool does not update your portfolio.
To test the effects of a buy, input the number of shares you are looking to purchase and GainsAdvisor will return the total cost based on current market price, or based on a price that you enter, and notify you of any wash sale exposure. In the event of a wash sale, this tool provides you with the exact loss deferral amount and informs you of the days you should wait to avoid the wash sale, as well as the first available date to execute the trade with your broker.
If you are testing the effect of selling a security, the GainsAdvisor What-If tool will generate your total proceeds, gains and losses, the LT or ST classification of those gains and losses, and the tax benefit (or liability) using your personal tax rate. The tool calculates and notifies you of any wash sale exposure, identifying deferred losses and cost basis adjustments. It even informs you of the number of days you should wait to avoid identified wash sales.
The What-If tool allows you to define the terms of the transaction, and test for very specific scenarios and provides a great resource for the savvy trader who wants to actively make the best trade choices possible for maximizing tax savings.
Important Note: The What-If tool allows you to simulate trades based on specific lots. When you import trades from your broker, they are processed by FIFO. If you execute a trade by specific ID, you will need to edit the trade to a Specific ID sell type to identify your lots and accurately reflect that position in GainsKeeper.
Example
Click here to view an example of the GainsAdvisor: 'What-if' Buy or Sell Tool page.
