Data Requirements

Letting us do it for you ... here's what you will need to provide:
  • Copy of prior year tax return(s) - Federal and state

  • W-2s

  • 1099s - Interest, Dividend, Barter & Exchange, Consolidated, Retirement, Gambling, Unemployment

  • SSA-1099, RRB-1099

  • Sole proprietorship

    • Accounting file - Quickbooks, Quicken, Excel spreadsheet​

    • W-3/Form 941s - if employees exist

    • Home office detail (if exists)

    • Vehicle use substantiation - mileage log, other

    • Depreciation schedule

  • Schedule K-1s - partnership, S corporation, trust​

  • Rental property

    • Purchase date and price (closing statement)​

    • Improvements (appliances, additions, furniture)

    • Rental income

    • Rental expenses

      • Mortgage interest​

      • Property tax

      • Insurance

      • Management fees

      • Repairs with receipts

      • Utilities

      • Other

​​

If you are an Investor, Trader, MTM Trader

  • End of year brokerage statement showing open positions

  • End of prior year brokerage statement showing same and cost basis (if this is the first year we are preparing)

  • Download of trades in Excel format (see below)

This is not an exhaustive list but should cover a majority of data necessary

Format of the trading data

The data must be in this format or these elements must be readily available.  Most of the expense in preparing Form 8949 is getting the data into the correct format.  Most of the problems exist when brokers DO NOT include the closing expiration, assignment or exercise transaction.

I am very good at getting the data into the correct format for multiple brokerages so when in doubt, send us a sample file.

Note the data elements for the option symbol must all be present.

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