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.

TradeStation no longer offers crypto trading. TradeStation Crypto suspended all spot crypto trading and withdrawals on February 22, 2024. TradeStation itself is still a fully operating US broker for stocks, ETFs, options, and futures, but if you bought or sold crypto on TradeStation before that date, you still need to report it, and this guide covers how.

Whether you file by hand or use crypto tax software, doing your TradeStation crypto taxes comes down to four steps:

Gather your full TradeStation crypto transaction history: every buy, sell, trade, deposit, and withdrawal from before the platform closed.
Sort your transfers. Moving crypto between your own wallets is not taxable, but crypto that came in as income (like rewards) is.
Calculate your capital gain or loss on each disposal, plus the value of any crypto income at the time you received it.
Report it on the right forms. In the US, capital gains go on Form 8949 and Schedule D, and crypto income goes on Schedule 1. These forms get included with your full tax return. Other countries have their own equivalents.

For a detailed explainer on reporting crypto, see our guide on how to report your cryptocurrency on your taxes.

That is where crypto tax software comes in. CoinLedger takes your TradeStation crypto history, connects it to every other wallet and exchange you have used, and generates your tax forms automatically. More than 700,000 investors use it to file in minutes. Get started with a free account today, or keep reading to do it yourself.

Do you have to pay taxes on TradeStation crypto?

Yes. Your crypto activity on TradeStation is taxable, even though the platform has since closed crypto trading:

Capital gains tax. When you disposed of crypto (selling it, or trading one coin for another), you recognized a capital gain or loss based on how the price changed since you received it.
Income tax. Any crypto you earned as a reward was ordinary income, taxed at its fair market value in the year you received it.

For a full breakdown, read our complete guide to cryptocurrency taxes.

What tax forms does TradeStation provide?

For your stocks, ETFs, options, and futures, TradeStation issues a consolidated 1099 that bundles Form 1099-B (proceeds and cost basis), 1099-DIV (dividends), and 1099-INT (interest), available in your account each February.

For crypto, because TradeStation closed its crypto business in early 2024, it is not a crypto broker going forward and does not issue the new Form 1099-DA. Any crypto activity you had was on the old TradeStation Crypto platform, which historically reported on a 1099-B. In practice, you should rely on your own transaction history to report it (see below).

Does TradeStation report to the IRS?

Yes. As a US broker, TradeStation files your 1099 forms with the IRS, including the cost basis and proceeds on your securities. You owe tax on your gains and income whether or not you receive a form, so a missing form does not remove the obligation to report.

Why isn't my TradeStation tax report accurate?

A TradeStation export only shows the activity that happened on TradeStation. Because investors regularly transfer crypto between wallets and exchanges, it cannot see the original cost basis of coins you moved in from somewhere else, so it cannot calculate your gain or loss correctly.

Example: why transfers break your cost basis

Elena buys $2,000 of BTC on another exchange. She transfers it to TradeStation, then later sells it for $2,600 there before crypto trading closed.

TradeStation only sees the $2,600 sale, not the $2,000 Elena originally paid. Without her cost basis, it cannot tell whether she had a gain or a loss.

The fix is to bring every wallet and exchange into one place so your cost basis follows your crypto across platforms. That is exactly what crypto tax software like CoinLedger does.

How to get your TradeStation crypto history

You import your TradeStation history with a file upload.

Log in to TradeStation and go to My Account, then Transactions Report.
Click the CSV icon, select a date range that covers all of your crypto activity, and export the file.
In CoinLedger, go to Add Account, choose the TradeStation tab, and upload the file. Do not open or edit it first.

If you no longer have access to your old crypto records, contact TradeStation support to request your historical crypto transaction records. Full steps are in our TradeStation file import guide.

Once your transactions are in, CoinLedger matches your transfers, calculates your gains, losses, and income, and produces a complete tax report. You can file it yourself, hand it to your tax professional, or import it into TurboTax, TaxAct, or H&R Block.

Get started with CoinLedger today

Take the stress out of tax season. More than 700,000 investors around the world use CoinLedger to track their gains, losses, and income across all of their wallets and exchanges.