When you first open the Tax Optimizer, the screen displays:
Information about your profit and loss for the current day or the prior day (depending on your selection in Account Management) as well as the current trade date and the amount of time remaining until you can no longer change your tax lot-matching method for today.
The default matching method for your account and the default matching method for today. If you change the matching method for today, it overrides the account default matching method for today only.
Available security types. You select a security type to view today's positions for that type only. Select stocks, options, bonds, warrants or single-stock futures (SSFs).
YTD Summary tab, located next to the available security types. Select the YTD Summary tab to view a table of all your positions and their year-to-date profit and loss.
A list of your positions, and the current day's short term and long term profit and loss for each symbol. Click the Show button for any position to open the Tax Lot Detail panel for that symbol.
The Tax Lot Details panel opens in the bottom half of the main window when you click the Show button for any position listed.
1099-eligible customers only - The Price for lots affected by wash sales displayed in the Tax Lot Details panel is derived from the adjusted cost basis for the wash sales, if applicable. However, same-day wash sales are not included.
The Tax Lot Details panel displays:
All open lots and closing trades for the selected symbol, including tax lots spawned by voluntary corporate actions that are booked at approximately 7:00 PM ET.
The profit and loss for each open lot that is closed under the current matching method.
A Show or Edit button next to each open lot or closing trade. This button opens the Match Details window. The Edit button appears only when the matching method is set to Specific Lot, which lets you manually match sales to open lots.
Match Details Window
The Match Details window opens on top of the main window when you click Show or Edit for a specific tax lot in the Tax Details Panel. The Match Details window is where you manually match sales to open lots (only when the matching method is Specific Lot). The Match Details window displays:.
The open lot you selected in the Tax Details Panel.
All possible sales that could be matched to that open lot.
For lots whose matching method is Specific Lot, a Quantity field in which you enter the number of shares or contracts to match. This is how you manually match sales to open lots.
