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The Estimated Taxes Saved or Deferred Report

Smartleaf's Estimated Taxes Saved or Deferred Report (ETSoD Report) shows you the amount of taxes Smartleaf has saved or deferred through Smartleaf's active tax management. The ETSoD Report is calculated daily for each account and is accessible through the Smartleaf Advisor Portal. 

The report is an estimate created by comparing the taxes of the trades proposed by Smartleaf's trade generation system relative to the hypothetical alternative of trading the account exactly to its target model every day. The calculation includes gains not realized, short-to-long events and net loss harvesting. 

In 2023, Smartleaf users saved or deferred their clients an average of 1.94% of portfolio value in taxes.