Traders who use TradeLog generally find that their IRS taxable gain or loss is far different than what their broker reported. Why? Because the IRS has a totally different set of rules for taxpayers than for brokers.
Should you care?
Will you get audited for this?
Should CPAs/Accountants care?
"TradeLog is the only trade accounting program on the market that our CPA's are comfortable using at tax time when we sign your income tax return."
— Robert A. Green, CPA
"TradeLog has made this monumental task possible. All aspects are superb. One of the best experiences I have ever had. Your documentation, tutorials, knowledge and insight into the tax process and implications, even the clarity of the sign-up process. The best software support and response that I have experienced. And I've learned a lot."
— M. Freehill
"My taxes would be so difficult without TradeLog. The more I use it the more amazed at what it can do. When I send in my taxes to the IRS I feel confident that I can back up my reporting and know that it is correct."
— M. Wilson