How to Do Your TradeStation Taxes

How To Do Your TradeStation Taxes

CoinLedger imports TradeStation data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.

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TradeStation Tax Reporting

You can generate your gains, losses, and income tax reports from your TradeStation investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.

TradeStation exports a complete Transaction History file to all users. Simply navigate to your TradeStation account and download your transaction history from the platform.
Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

TradeStation Tax Reporting

TradeStation supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your TradeStation account with the read-only API.
Let CoinLedger import your data and automatically generate your gains, losses, and income tax reports.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

TradeStation Tax Reporting

You can generate your gains, losses, and income tax reports from your TradeStation investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:

Automatically sync your TradeStation account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your TradeStation Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from TradeStation and import it into CoinLedger

Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

TradeStation Tax Reporting

Automatically sync your TradeStation account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a TradeStation Transaction History CSV file to CoinLedger

TradeStation Tax Reporting

Navigate to your TradeStation account and find the option for downloading your complete transaction history.
Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

How Cryptocurrency Taxes Work

Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.

Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.

For a complete and in-depth overview, please refer to our Complete Guide to Cryptocurrency Taxes.

How To Do Your Crypto Taxes

To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).

Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.

Why Can't TradeStation Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of TradeStation. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with TradeStation's reporting is that it only extends as far as the TradeStation platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of TradeStation, TradeStation can't provide complete gains, losses, and income tax information.

How Does Cryptocurrency Tax Software Help?

By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, income, and generate accurate tax reports in a matter of minutes.

You can test out the software and generate a preview of your gains and losses completely for free by creating an account.

Learn more about how CoinLedger works here.

Looking to report your TradeStation transactions on your tax return?

If you have dozens, hundreds, or even thousands of trades, trying to report your crypto taxes can feel overwhelming.

In this article, we’ll break down everything you need to know about how your TradeStation transactions are taxed. We’ll also break down a step-by-step process that can help you report your TradeStation crypto taxes in minutes.

What is TradeStation?

TradeStation is a pro-level trading platform that allows users to trade stocks, equities, options, and cryptocurrencies.

While TradeStation isn’t built for casual investors, the platform is considered a word-class option for serious traders. TradeStation allows users to use automation and advance order types that aren’t available on more beginner-friendly platforms.

How is cryptocurrency taxed?

In the United States, cryptocurrency is subject to capital gains and ordinary income tax.

For more information, check out our guide to how cryptocurrency is taxed.

Does TradeStation report to the IRS?

TradeStation does send 1099 forms to customers and the IRS.

How do I get tax documents from TradeStation?

TradeStation allows users to download their trade history as a csv file.

However, it’s important to remember that your tax forms may be inaccurate if you’ve deposited or withdrawn cryptocurrency. In this case, TradeStation may not have data on cost basis, which is needed to calculate your capital gains.

Luckily, there’s an easier way to report your taxes. Crypto tax software like CoinLedger can aggregate your transactions and help you generate a comprehensive tax report in minutes.

How to report your TradeStation taxes in minutes

Here’s how you can report your TradeStation transactions on your tax return in 4 simple steps.

Step 1:

Step 2:

Click on the CSV icon in the top right corner.

Step 3:

Select the full date range of your transaction history on TradeStation and press the Export button.

Step 4:

Once you’ve received your csv file, go to the Import section of the CoinLedger app, and then select TradeStation. Click on Upload File or drag your CSV file into the box to import your transactions.

And that’s it! Once you’re done, you can import your transactions from other wallets and exchanges and generate a comprehensive crypto tax report with the click of a button!

Get started with CoinLedger

Don’t waste hours of time and effort trying to track your transactions on a spreadsheet. Instead, try CoinLedger — the platform that can help you report your crypto taxes in minutes.

More than 300,000 investors across the globe use CoinLedger to make their tax season stress-free.

‍Get started with a free CoinLedger today.