Trade Accounting Services for Active Traders and Casual Investors
Spending too much time preparing tax reporting and not enough time on your trading?
It’s time to bring in some expert help.
Our passion is helping active traders and casual investors prepare required IRS tax forms so they can focus on what they enjoy most… like playing the markets.
IRS Form 8949
For Schedule D reporting of capital gains and losses from trading and investing.
IRS Form 4797
For mark to market (MTM) accounting by traders with Section 475f election.
TaxFile maintenance of trade history and wash sale loss deferral tracking.
What we do:
Trader Tax Solutions will review and match your trade history using IRS “First-In-First-Out rules (FIFO). Necessary adjustments are made for corporate actions and exercised/assigned options. Required wash sale adjustments are calculated. We then reconcile the reporting with your broker-provided Form 1099-B and year-end statements. When completed, we provide you with IRS-ready Form 8949 reporting for use with Schedule D for your tax return, as well as other required reporting for your type of trading.
If you elected Section 475f with the IRS, for “business treatment” of your trading gains and losses, and use the Mark to Market (MTM) method of accounting – we handle that also! Whether it’s your first year or your fifth we provide the accurate Form 4797 and additional reporting you need.
Any time throughout the year: Trader Tax Solutions can import trade history from your broker’s website into TradeLog® Software, reconcile open position inventory to your monthly broker statements, and make any necessary adjustments. We can perform these functions on a monthly or quarterly basis so you can take advantage of the trade analysis tools offered in the software. During the last quarter of each year many of our clients have us identify each security with wash sales that could result in loss deferrals to the following tax year so they can cease trading these during the 31-day wash sale “window”.
How it works:
We perform our trade accounting services and generate required IRS forms, reconciled with your brokerage statements and 1099-B.
We deliver your completed tax reporting via email or ShareFile, our secure file share system. You’re ready to complete your trader tax return!
Why choose us:
Trader Tax Solutions is proud to be a Certified TradeLog® Service Provider. We are experts in using the trade accounting and tax software suite most recommended by leading industry tax professionals. TradeLog ensures that active traders file their trading gains and losses accurately and have the peace of mind that they have all the necessary records in case of an IRS audit.
We pride ourselves on being accessible to our clients year-round, not just at tax time. You choose the type of service we provide for you: we can reconcile your trade history and prepare tax forms to meet specific IRS filing deadlines, or maintain your TradeLog TaxFiles each month and alert you to possible wash sale loss deferrals as you near the end of each tax year.
See our FAQ’s to understand more about the services we offer and determine what would best suit your needs.
Stop wasting time compiling data for your trader tax return. Let us handle your trade accounting so you can get back to what you enjoy…trading.
We are your partner for trader tax reporting
Our company has over 40 years’ combined experience in working with day traders, trader tax CPAs and other industry leaders with a primary focus on finding tax and other valuable solutions for investors and active traders. Trader Tax Solutions works with clients to meet their goals of filing timely and accurate trading gains and losses in a cost-effective manner in full compliance with current IRS regulations. Each and every member of our Sales and Support Teams are certified TradeLog experts who have used the software extensively for clients and personally to file their own trader tax returns. Unlike other CPA firms who may use administrative assistants to reconcile your trades, our experience in using Tradelog uniquely qualifies us to provide our clients with reliable trade accounting services.
Purpose & Values
Our purpose is to empower investors to file trading capital gains or losses with the IRS, worry-free.
We strive to exceed the expectations of the people we work with and the investors we serve. By taking ownership of responsibilities beyond what is expected, to remaining committed to a project from start to finish, we endeavor to make a positive impact on everything we do.
Today our commitment to helping traders is stronger than ever, and we continue to offer affordable services nationwide that make their lives, and trading, easier and more profitable.