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.
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.
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.
TradeStation does send 1099 forms to customers and the IRS.
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However, it’s important to remember that your tax forms may be inaccurate if you’ve deposited or withdrawn cryptocurrency.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.
Here’s how you can report your TradeStation transactions on your tax return in 4 simple steps.
Log in to your TradeStation account. Select My Account and then Transaction Report.
Click on the CSV icon in the top right corner.
Select the full date range of your transaction history on TradeStation and press the Export button.
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!
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.