Online trading major Interactive Brokers has introduced the Tax Loss Harvest tool to its retail traders. Traders can use this tool to more easily realize the tax benefits of both long-term and short-term capital losses.
To open the tool, right-click on a location and select Tax Loss Harvest. To use multi-stock harvesting, open the Classic layout of the TWS platform and from the Portfolio page click on Tax Loss Harvesting in the upper right corner of the Portfolio page.
Multi-Stock TLH is currently only available in the Beta version of TWS.
The brokerage also announced its new Opportunity Recommendations tool on TWS. Now you can easily let Interactive Brokers know what features you would like to see added to the platforms and vote on features suggested by others.
To access the Feature Suggestions tool, click the Comments icon in the TWS title bar, then click “I have a suggestion.”
The developers have streamlined the multi-step process for rolling a futures position (ie, closing a position and opening a new one in the same contract but with a more distant expiration) into a simple flow using the new Futures Roll feature.