ACCOUNTING SERVICE FOR DAY TRADERS
When it comes to accounting, day traders face numerous challenges. Inaccurate accounting can disrupt your entire tax return, making it crucial to have everything in order.
Day traders are tasked with accounting for their trading gains and losses, which involves reporting each securities trade and its related wash-sale loss adjustments on IRS Form 8949. This ensures compliance with Section 1091 wash-sale loss regulations and ultimately feeds into Schedule D (Capital Gains and Losses). If you’re finding it difficult to reconcile your gains and losses for the year, allow us to assist you in navigating through the process.
Trust our team for a professional accounting service. We import your trades for the tax year directly into our trade accounting platform. Furthermore, we examine January of the subsequent year to identify any wash sale (WS) loss adjustments at the year-end, if you are not Section 475 (Mark-To-Market). We then generate Form 8949 compliant with Section 1091 rules or Form 4797 for Section 475 trades, alongside preparing Form 6781 for Section 1256 contracts (e.g., SPX).
Why Work With Us
Timely Responses
We are committed to maintaining clear and timely communication, prioritizing quick response times. Our goal is to provide feedback within days – not weeks or months like other CPAs – so you can move forward with your taxes confidently.
Strategic Planning
Many of our new clients are discovering the importance of tax planning for the first time. A personalized tax strategy is essential to ensure you don't overpay and miss out on potential savings.
Up-To-Date
We stay up-to-date with emerging industries and ever-changing tax laws to pass savings onto you. Additionally, we leverage technology to optimize the client experience, ensuring we stay ahead of the curve.
Care & Education
With us, you're not just getting a standard tax return service — we aim to empower you with the knowledge to make informed decisions by teaching you the how and the why. Our team will look out for your best interests as if your money were our own.
