MuniSignalTM  Patent pending  Optimal Tax Loss Harvesting Reset Inputs
Current Holding   Market Assumptions
Issue Date   Date
Maturity Date   Bid Price
Coupon (%)   Bid-YTC
0.68
First Call Date   Bid-YTM
0.68
Purchase Date   Bid-Ask Spread
Purchase Price   Interest Rate Volatility
      Offsetting Gain Tax Rate
After-Tax Savings   Sell or Hold?
Current Basis* (1)
106.87
  Net Cashflow Benefit From Sale (a)
-1.08
Sale Price (2)
111.00
  Forfeited Tax Option (b)
0.00
Gain/Loss (3) = (2) - (1)
4.13
  Option Acquired with Reinvestment (c)
0.01
Tax Savings (4) = (3) x Tax Rate
-0.83
  Net Option Loss (b - c)
-0.01
After-Tax Proceeds (5) = (2) + (4)
110.17
  MuniSignalTM Score* (a)/(b - c)
-?
Hold Value** (6)
111.25
  *100% best. Sale not recommended below 90%
Net Cashflow Benefit (7) = (5) - (6)
-1.08
   
All Values in % par
*Issue price assumed at or above par
**After-tax worth to current holder. Depends on purchase price.
Income tax rate: 40%
Harvest of Regret
After-Tax Portfolio Value: The Missing Tax Option
Tax Optimization of Municipal Bond Portfolios: Investment Selection and Tax Rate Arbitrage
Tax-Efficient Trading of Municipal Bonds
Optimal Tax Management of Municipal Bonds
Bond Analysis in Tax Denial
See Other Live Demos

v1.22  Copyright © 2019 Andrew Kalotay Associates, Inc.