Tax Consequences:

Tax Strategy ST Realized Gain or (Loss) LT Realized Gain or (Loss) Taxes Deferred or (Incurred)
No TLH $0 $0 $0

Assumptions: Calculations above assume one long-term tax lot intially purchased for $5,000 with no fees, expenses, or transaction costs. In concordance with the Betterment trading capability, these examples assume access to fractional shares rather than round lots. Tax is assumed at maximum California rates (federal: 39.6% on income, 23.8% on LTCG; state: 12.3%).