Electronic trading major Interactive Brokers has introduced the Tax Loss Harvest tool to its retail traders. Traders can use this tool to realize the tax benefits of both long- and short-term capital losses more easily.
To open the tool, right-click a position and select Tax Loss Harvest. To use Multi-Stock harvesting, open the Classic Layout of the TWS platform and from the Portfolio page click Tax Loss Harvesting in the top right of the Portfolio page.
Multi-Stock TLH is currently available only in the Beta build of TWS.
The brokerage also announced the new Feature Suggestion tool in 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 Suggestion tool, click the Feedback icon in the title bar of TWS and then click “I have a suggestion.”
The developers have streamlined the multi-step process of rolling a futures position (i.e., closing one 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.
