1099 Forms › Best 1099-B Software for Trading Platforms
At a Glance
What is the Best 1099-B Software for Trading Platforms?
Trading platforms process millions of securities transactions annually requiring 1099-B reporting. The best 1099-B software for trading platforms handles complex transaction reporting with accurate cost basis calculation, wash sale adjustments, and efficient high-volume processing.
BoomTax provides enterprise-grade 1099-B filing for trading platforms. Our platform handles any transaction volume with bulk processing, validation, and IRS e-filing.
Why Trading Platforms Choose BoomTax
- High Volume: Process millions of transactions efficiently.
- Cost Basis: Track acquisition costs and adjustments.
- Wash Sales: Handle wash sale disallowance reporting.
- Transaction Types: Stocks, options, crypto, and more.
- IRS E-Filing: Direct electronic submission.
- Customer Delivery: Bulk print, mail, or electronic delivery.
Trading Platform 1099-B Reporting
Transaction Types
- Stock Sales: Equity transactions
- Options: Puts, calls, exercises
- ETFs: Exchange-traded funds
- Crypto: Digital asset transactions
Reporting Details
- Proceeds: Sale amounts
- Cost Basis: Acquisition costs
- Holding Period: Short vs long-term
- Adjustments: Wash sales, corporate actions
Key Features for Trading Platforms
- API Integration: Connect to trading systems.
- Batch Processing: Handle millions of transactions.
- TIN Matching: IRS verification for customers.
- Combined Filing: File with 1099-DIV and 1099-INT.
- State Reporting: Where required.
All Features Included
Purchasing any BoomTax package will give you everything you need to complete your filing.
This includes:
- Federal E-File
- State E-File (ACA and 1099 CF/SF)
- Recipient Copy Download as PDF
- Official IRS Copy Download as PDF
- Unlimited Corrections
Bulk Import
Import many companies in one spreadsheet to simplify data input.
Data Validation
We validate your data against hundreds of IRS rules.
Hands Off E-File
No IRS registration or testing required.
Free Corrections
Make as many changes as needed for free.
How Trading Platform 1099-B Filing Works
Import Your Data
You can import your data as Excel, XML, or use files from popular payroll providers like QuickBooks, UKG, ADP, and many more.
Step-By-Step Wizard
We walk you through the process with no complicated jargon. You can also live chat with a real person as you work on your filing for hands-on help.
E-File & Mail Employee Copies
Once your data is loaded, you can e-file and distribute employee copies in minutes.
Frequently Asked Questions
Dedicated to simplifying complex IRS regulations for employers, with expertise in ACA, 1099, and W-2 compliance.
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BoomTax and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors prior to engaging in any transaction.