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Our quote is generally based on certain assumptions:
- We will be able to obtain your trades in electronic format (see supported brokers).
- You are filing either single or joint, and don't have any Schedule Cs or Schedule Ks, other than trading.
- You do not have a valid Mark to Market election.
- You did not trade a large number of options or straddles.
- Your transactions total up to amount you indicate in your submission
(1 matched trade = 2 transactions). We reconcile transactions.
Our Schedule D service process includes:
- downloading of your raw transaction data from your broker (see supported brokers)
- Matching of transactions into complete trades, utilizing FIFO (First In First Out) method, required by the IRS
- Combination of trades from various brokers
- Analysis for potential wash sales on trades utilizing proprietary software
- Completion of wash sale analysis and any final adjustments as required.
- Preparation of a final Schedule D
***For Schedule D preparation only, full prepayment is required to start.***
Should you elect to have us prepare only Schedule D:
- No consultation time is included, we are unable to offer guidance or tax planning
- tax return preparation, federal and state
- We work your brokers' transactions data, and this may or may not balance to your 1099 exactly. Reconcilation to the 1099 is not part of the basic Schedule D preparation
- Review of your personal situation for possible Mark to Market election consideration
- Filing of Mark to Market election, if appropriate
- Personal consultations with your CPA, as required
If you have further questions, please contact us via phone or email.
Please note: due to the retirement of our tax partner, Bob Meany, CPA, we no longer offer full trader taxation services.
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