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No, but you can enter a few numbers off your 1099-B and mail your trade history to the IRS. It took me about 30 minutes to enter a W-2, a few 1099-INTs, and 3 b

No, but you can enter a few numbers off your 1099-B and mail your trade history to the IRS. It took me about 30 minutes to enter a W-2, a few 1099-INTs, and 3 brokerage statements (plus 1099-DIV, futures, and 1256 contracts). Super simple and quick.

huytersd 3y ago
That’s too complicated and not immediate enough. Manual entering? Printing out and making a packet of trade histories for all my accounts, figuring out what address to send it to, manually going to the post office, waiting for confirmation of receipt weeks down the line, extra scrutiny because an agent has to manually review your paper copies etc. Yeah no thanks, that’s the opposite of super quick and simple. Super quick and simple is entering a couple of logins and clicking next and being done with federal and state taxes in 10 mins. This is why you can’t take reviews of contentious software at face value. People are so sick of TurboTax (I am too) and their lobbying shenanigans that they will give glowing reviews to deficient competitors.
- quickthrowman 3y ago
  Ok, you can go pay TurboTax $200 or whatever then. You have to enter in like 3 numbers, total $ bot/total $ sold/$ of wash trades. I’ll spend 30 minutes, $15 dollars, and my office’s mailroom to send one single 9x13 envelope once a year. Don’t let perfect be the enemy of good.
  - huytersd 3y ago
    Yeah, that $150 is totally worth it for me because until the free software automatically integrates with external portals, TT is actually providing a valued service.
    - deleted 3y ago
      [deleted]
    - Alupis 3y ago
      You don't have to submit a printout of every single trade... just totals. Like the parent said, it's like 3-4 boxes you fill out/copy-paste from your exchange paperwork. You do need to be able to provide substantiated figures if you are audited. Which is easy, you print out the paperwork from your exchange... Not exactly worth paying for that convenience. You can still eFile too.

huytersd 3y ago

That’s too complicated and not immediate enough. Manual entering? Printing out and making a packet of trade histories for all my accounts, figuring out what address to send it to, manually going to the post office, waiting for confirmation of receipt weeks down the line, extra scrutiny because an agent has to manually review your paper copies etc. Yeah no thanks, that’s the opposite of super quick and simple. Super quick and simple is entering a couple of logins and clicking next and being done with federal and state taxes in 10 mins. This is why you can’t take reviews of contentious software at face value. People are so sick of TurboTax (I am too) and their lobbying shenanigans that they will give glowing reviews to deficient competitors.

quickthrowman 3y ago
Ok, you can go pay TurboTax $200 or whatever then. You have to enter in like 3 numbers, total $ bot/total $ sold/$ of wash trades. I’ll spend 30 minutes, $15 dollars, and my office’s mailroom to send one single 9x13 envelope once a year. Don’t let perfect be the enemy of good.
- huytersd 3y ago
  Yeah, that $150 is totally worth it for me because until the free software automatically integrates with external portals, TT is actually providing a valued service.
  - deleted 3y ago
    [deleted]
  - Alupis 3y ago
    You don't have to submit a printout of every single trade... just totals. Like the parent said, it's like 3-4 boxes you fill out/copy-paste from your exchange paperwork. You do need to be able to provide substantiated figures if you are audited. Which is easy, you print out the paperwork from your exchange... Not exactly worth paying for that convenience. You can still eFile too.