To analyze the tax drag of a portfolio, select the Expenses tab in the portfolio view and then select the Tax Drag subtab.
Taxable vs. Non-Taxable Accounts:
Use the checkbox next to a portfolio/model to select if it should be considered taxable or not taxable. For groups/blends, click the Taxable checkbox to open a pop-up box where you can designate which portfolios/model in the group/blend should be considered taxable and which should not.
The taxable checkbox will have the word 'partial' next to it when some components are marked as non-taxable.
Note: When changing the 'taxable' status of an account that has been imported from one of our integration partners, the change will not be saved between Kwanti sessions.
Details per position
You can toggle between a bar chart view and a table view using the buttons above the chart/table.
What is Tax Drag?
Tax Drag refers to the reduction of a portfolio’s 3 year annualized return due to income taxes triggered by distributions and capital gains in a non-qualified account.
Tax Drag is only applicable for Mutual Funds and ETF's at this time and does not take into account any state and local tax obligations. Portfolio performance in Kwanti does not include tax drag.