Anchorage Digital does not provide financial, tax, or legal advice.
How it works
1
Review harvestable positions
Start from a client’s account summary or the full Tax Optimization page to see unrealized losses and gains across eligible accounts.
2
Select lots or assets to sell
Choose specific tax lots, or select by asset and configure how much of each position to sell.
3
Choose a trade option
Sell the selection outright, or sell and buy back to realize the loss while maintaining market exposure.
4
Monitor the trade
Track the resulting order and trade ticket through settlement, and see the realized loss or gain reflected for tax reporting.
Eligible accounts
Only accounts where a realized loss has tax value are eligible for harvesting. Tax-advantaged retirement accounts are excluded, since losses inside them can’t be realized for tax purposes.
Within an eligible account, only assets with a recorded cost basis can be harvested. See Update missing cost basis for positions that need one.
Reviewing opportunities
At the client and account level, a Tax Optimization summary card shows how many of the client’s accounts are eligible, along with four figures: Total Unrealized Losses, Total Unrealized Gains, Realized Net Gain/Loss, and Net Harvestable Loss. Each figure is also broken out by Short Term and Long Term holding period, showing unrealized losses and gains alongside realized figures — net gain/loss, gains year-to-date, and losses year-to-date. Select Harvest Opportunities from this card to open the full Tax Optimization page. The Tax Optimization page opens with the same summary figures, scoped to the accounts assigned to the advisor rather than a single client. The same rolled-up view is also available at the firm or rep code level.Opportunities table
Below the summary, the Opportunities table lists harvestable positions across Losses and Gains tabs. Within either tab, switch between two views:- By Asset — aggregates all lots for a given asset. Selling from this view uses HIFO (highest cost basis sold first).
- By Lot — shows each individual tax lot separately, with its own quantity and cost basis. Selling from this view uses Spec ID (specific identification), so the exact lots you select are the lots reported as sold.
The By Lot view shows the same holdings broken into individual lots, each with its own quantity and cost basis, instead of the aggregated split.
Filters
Narrow the Opportunities table by client, asset, account, rep code, term (short-term or long-term), threshold (a minimum percentage or dollar amount of unrealized gain or loss), model settings, or firm.Update missing cost basis
Positions that arrived as deposits, rather than being bought through Anchorage Digital Wealth, may not have a recorded cost basis. These appear in the Opportunities table as Qty with No Cost Basis and can’t be harvested until a cost basis is added.1
Open the deposit
Go to the Transactions & Orders page, select the All Transactions tab, then find the deposit that’s missing cost basis.
2
Edit the position
In the Actions column, select the pencil icon.
3
Enter cost basis by lot
Enter the quantity and cost basis for each lot that makes up the asset position, then save.
Selecting and configuring a harvest
- By Lot — select the individual lots you want to harvest directly from the table.
- By Asset — select the asset-level opportunities you want to harvest, then configure how much of each position to sell: Max, a percentage, a dollar amount, or an asset quantity. Only assets with cost basis can be harvested. A bulk configuration option applies the same harvest amount across multiple selected assets at once.
Trade workflow
After configuring the harvest, choose one of two trade options:- Sell-only — sell the selection and hold proceeds as USD.
- Sell-and-buy-back — sell the selection, then use the proceeds to reestablish exposure, either back into the same asset or into the model it was originally part of.
- An open order is created and displayed with a standard order status.
- A sell-only trade generates a single trade ticket; a sell-and-buy-back generates two — one for the sell, one for the buy-back.
- The realized loss or gain is recorded for tax reporting.
Harvesting step by step
Harvesting by asset
1
Open the Tax Optimization page
Go to the Tax Optimization page from a client’s account, or from the firm or rep code level.
2
Choose a tab and view
Select the Losses or Gains tab depending on your goal, then switch to the By Asset view. Optionally apply filters to narrow the list.
3
Select assets to harvest
Select the asset(s) you want to harvest.
4
Configure the harvest amount
For each position, choose Max, a percentage, a dollar amount, or an asset quantity. Use bulk configuration to apply the same amount across multiple selected assets.
5
Review the summary
Check the total quantity, market value, cost basis, harvest amount, and loss to realize, along with the running totals for Total Market Value to Harvest and Total Loss to Realize.
6
Choose a trade option and confirm
Select Sell-only or Sell-and-buy-back, review the trade preview screen, then confirm and submit the trade.
Harvesting by lot
1
Open the Tax Optimization page
Go to the Tax Optimization page from a client’s account, or from the firm or rep code level.
2
Choose a tab and view
Select the Losses or Gains tab depending on your goal, then switch to the By Lot view. Optionally apply filters to narrow the list.
3
Select lots to harvest
Select the specific lot(s) you want to harvest.
4
Review the summary
Check the total quantity, market value, cost basis, harvest amount, and loss to realize, along with the running totals for Total Market Value to Harvest and Total Loss to Realize.
5
Choose a trade option and confirm
Select Sell-only or Sell-and-buy-back, review the trade preview screen, then confirm and submit the trade.