No, Stock-level Tax-Loss Harvesting and Smart Beta should not have a significant impact on the complexity or expense of filing your taxes. For clients who use Turbotax, follow our instructions to import your transactions automatically.
If you don’t use Turbotax, we provide a consolidated 1099 so you only need to report summary-level transactions, rather than entering each transaction individually. See here for more details.
Wealthfront prepared this article for informational purposes and not as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information.
Wealthfront and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisor. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. All investing involves risk, including the possible loss of money you invest. Past performance does not guarantee future performance.