💸 Need to do your trader taxes? We can generate your Form 8949 & Schedule D in minutes!

TraderFyles Blog

Product updates, new features and tax tips — all in one place.

As an active trader, dealing with taxes can be a challenging task, especially when you have a high volume of transactions. Traditional

image of irs form 8949: a guide for tax professional

Navigating Form 8949: A Comprehensive Guide for Tax Professionals Every tax season brings with it a unique set of challenges for tax

preparing taxes for active day traders

Active day traders play an essential role in the market’s dynamism, carrying out frequent trades that respond to short-term price movements. This

image of the IRS form 6781 for Section 1256 contracts

If you are a trader of index options, you should know the benefits of Section 1256 contracts. These are tax-advantaged contracts that

statue of a girl standing in front of the New Your stock exchange

You’ve been day trading for a while, and you’ve been pretty successful at it. You’re thinking about taking the plunge and going

image of a day trader looking at a chart on their phone

A wash sale is a transaction where an investor sells an asset at a loss and then repurchases the same or a

image of money for capital gains tax

When it comes to day trading, one of the most important things to understand is how to calculate your capital gains tax.

image of a ROTH or a Traditional IRA

If you’re like most people, the world of IRAs and investment accounts can be confusing. There are so many different options, and

image of a retiree from retirement account

A wash sale is when an investor sells a security at a loss and then buys the same or substantially similar security

image of a ROTH, IRA and 401k as eggs in a nest

Individual Retirement Accounts (IRAs) and 401(k)s are two of the most popular retirement savings plans available. Both have rules and regulations and

image of the IRS

The IRS defines a wash sale as “a sale of a security at a loss and the purchase of a substantially identical

image of a taxpayer receiving the IRS form 1099b

The 1099-B is an IRS form used to report proceeds from broker and barter exchange transactions and covered securities transactions. Day traders

image of money on How Do Stock Traders and Investors Report Taxes

Many people want to know how stock traders report taxes. The answer may seem complicated, but it doesn’t have to be. Here

image of a trader using trader tax status to keep more of their money and pay lower taxes

Are you a day trader? You may be eligible for Trader Tax Status (TTS) if so. TTS is a special tax designation that can save you a lot of money come tax time. This blog post will take a quick look at what TTS is and how it can benefit you.

Join the experience

Take control of your taxes.

Sign up is free. No credit card required.