Tax-Loss Harvesting Workflow Step 1: Identify Candidates Scan taxable accounts for positions with unrealized losses: | Security | Asset Class | Cost Basis | Current Value | Unrealized Loss | Holding Period | % Loss | |----------|-----------|-----------|---------------|-----------------|---------------|--------| | | | | | | ST / LT | | Prioritize by: 1. Largest absolute loss (biggest tax benefit) 2. Short-term losses first (offset short-term gains taxed at ordinary income rates) 3. Positions with the largest % loss (less likely to recover quickly) Step 2: Gain/Loss Budget Calculate the client'…