Tax filing done right, for situations that are actually complicated
Individual returns, business returns, trader filings, and multi-asset situations. Every return prepared by a licensed tax professional and reviewed before it goes out.
Trader taxes are one of our core specialties. If you trade prop firm accounts, futures, forex, crypto, or stocks actively, see our full trader tax breakdown.
Go to Trader Tax pageWhat you actually get
- Your federal return prepared and filed accurately
- State return included (one state; additional states available)
- All income types covered: W-2, 1099-NEC, 1099-B, K-1, Schedule C, and more
- Business expense review to make sure deductions are complete
- Prior year comparison to catch anything unusual
- Filing confirmation sent to you when the return is accepted
We know how trader taxes actually work
Trader taxation is not the same as investment taxation. The forms are different, the rules are different, and getting it wrong is expensive. Here's what we handle:
Prop Firm and Funded Accounts
When you trade a funded account, you don't own the underlying securities. Your payouts are contractor income, reported on a 1099-NEC, and taxed as ordinary income on Schedule C. That also means it's subject to self-employment tax. We make sure it's reported correctly and your deductible expenses (challenge fees, software, data feeds) are captured.
Futures: Section 1256
Futures contracts are taxed under Section 1256, which gives them a 60/40 split: 60 percent of your gain or loss is treated as long-term, 40 percent as short-term, regardless of how long you held the position. This applies automatically and delivers a lower effective rate than standard short-term capital gains. We file Form 6781 to make sure you get it.
Forex: Section 988 vs Section 1256
Forex trading defaults to Section 988, which means ordinary income treatment. But if you qualify and make the election in time, you may be able to use Section 1256 instead and get the 60/40 split. The election is time-sensitive and has to be documented correctly. We help you figure out which treatment applies and handle the paperwork.
Crypto
Every time you sell, swap, or spend cryptocurrency, it's a taxable event. That includes crypto-to-crypto trades, not just cash-outs. Staking rewards, mining income, and airdrops each have their own treatment. Wash sale rules currently don't apply to crypto, but everything else does. We handle the full reconciliation and reporting.
Stocks and Options
Active stock and options traders deal with wash sale rules, short and long-term capital gains distinctions, and potentially Trader Tax Status. If you qualify for TTS, you can deduct trading expenses on Schedule C. If you've made a Section 475 mark-to-market election, your gains and losses move to Form 4797 as ordinary income or loss. We handle all of it.
Trading Through an LLC or S-Corp
Holding your trading activity in an entity doesn't change the tax treatment of the trades themselves, but it can affect how you pay yourself, what expenses you can deduct, and how your retirement contributions work. We help you figure out if an entity structure makes sense for your trading volume and income level.
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