Facing discrepancies in your gain/loss reports from your broker(s)? Our robust feature, Audit My Broker, stands as a vigilant guard and a proficient resolver. Equipped with a fully-compliant algorithm, it meticulously audits your trading data, flagging wash sales and recalculating your gains/losses based on the selected accounting method with your brokerage—be it Cash or Mark-to-Market. This workhorse not only rectifies errors but empowers you with a transparent, accurate reflection of your trading activity. Whether you’re a tax professional or an individual trader, Audit My Broker transforms a taxing ordeal into a seamless, reliable process.
Provides a thorough inspection of your clients’ brokerage-reported gains and losses, ensuring every transaction aligns with the chosen accounting method. This critical audit helps in establishing trust and transparency between you and your clients.
Offers a precise detection of wash sales, aiding in accurate tax reporting and compliance, which is essential for maintaining a reputable practice.
Facilitates an intuitive error reconciliation process, enabling the addition of missing transactions or correction of misreported ones, ensuring an accurate representation of your clients’ financial standing.
Allows a tailored calculation of gains and losses based on the chosen accounting method (Cash or Mark-to-Market), ensuring compliance and accurate reporting for diverse client needs.