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Tax Optimizer

Proactively Manage
Gains and Losses with
Tax Optimizer

Take control of your taxes by changing tax lot-matching methods on the fly to optimize your capital gains and losses.

  • Change the default matching method for your account, the current trading day or the prior trading day.
  • Run real-time "what-if" scenarios to see how different lot-matching methods affect your gains and losses.
  • Choose from among several tax lot-matching methods, including LIFO, FIFO, Maximize Long-Term Gain, Maximize Long-Term Loss, Maximize Short-Term Gain, Maximize Short-Term Loss and Highest Cost.
  • Manually match specific lots to trades using the Specific Lot matching method.
  • Make changes and save them until 8:30 PM ET on any given trading day.
  • View year-to-date profit and loss data by symbol.

Tax Optimizer is integrated with your trading app:

  • In Trader Workstation (TWS), use the right-click menu from a position and select Change Tax Lots.
  • In IBKR Mobile, navigate to the Trades tab of the Orders & Trades screen, tap a trade to access Trade Details, and then tap Change Tax Lots.
  • From Portal, click Performance & Reports > Tax Documents > Tax Optimizer – Launch Tax Optimizer

This tool is available for stock, option, bond, warrant and single-stock future trades.

Using IBKR’s Tax Optimizer

Watch Video
Disclosures

The projections or other information generated by Tax Optimizer regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Please note that results may vary with use of the tool over time.

Interactive Brokers Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the IIROC AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.


Know Your Advisor: View the IIROC AdvisorReport

IIROC