Skip to content

Tax, Accounting & Reporting

US wash sale tracking, FIFO versus specific-lot accounting, Section 475 mark-to-market election, crypto tax lots, 1099-B reconciliation, Section 1256 futures.

Skills
16
Hand off
85
Handed off from
81

Hands off most often to

  1. Portfolio & Multi-Strategy10
  2. Regulatory Compliance7
  3. Data Management5
  4. Backtesting Methodology3
  5. Broker Integration3
  6. Microstructure & Latency1

Brokers, venues and frameworks named here

Index

All 16 skills in this domain, alphabetically. Hover a row for its situation; open it for the full playbook.

A

automated-tax-lot-reporting-pipelineUse when turning raw execution records into capital-gains reports at scale, matching sells against an open-lot ledger under FIFO or highest-in-first-out. Method comparison across FIFO, LIFO, HIFO and specific identification is fifo-vs-specific-lot-tax-accounting-methods.reporting

C

capital-gains-vs-business-income-classificationUse when sorting a year of closed trades into the tax buckets one authority actually recognises, under Indian s.43(5) and s.2(42A), US IRC s.1222, s.475(f) and s.1256, or the Canadian tests. The categories differ by jurisdiction, so there is no generic mode.capital-gainsconstructive-sale-rule-considerations-usUse when hedging an appreciated position in a US taxable account and an offsetting transaction could trigger an immediate constructive sale under IRC 1259, such as a short against the box, offsetting notional contract, or a forward.section-1259crypto-transaction-tax-lot-trackingUse when tracking US federal crypto tax lots per wallet across crypto-to-crypto swaps, DEX trades and gas fee dispositions, with FIFO, HIFO or LIFO matching and per-lot Form 8949 output.tax-lot-trackingcurrency-gain-loss-tax-treatment-for-forex-tradingUse when estimating US federal tax on a currency trading book and comparing the two characterisations available: IRC 988 ordinary treatment as the default, the 988(a)(1)(B) capital election, and Section 1256 60/40 treatment.section-988

D

double-taxation-treaty-considerations-cross-border-tradingUse when an entity resident in one country holds securities issued in another and source withholding applies; applies the treaty rate you register per income article and separates recoverable foreign tax credit from over-withheld tax.dtta

E

estimated-tax-payment-scheduling-for-active-trading-incomeUse when a US individual earns trading income with no wage withholding and must schedule quarterly instalments under IRC 6654: the required annual payment on the 90% current-year or 100%/110% prior-year test, and the four instalment dates.quarterly-tax-schedule

F

fifo-vs-specific-lot-tax-accounting-methodsUse when a US sell must be matched against an inventory of open tax lots and the method changes the answer: FIFO, LIFO, HIFO or specific identification, with per-lot short-term and long-term gain classification.fifoform-1099-b-and-broker-tax-reporting-reconciliationUse when reconciling an internal realised-lot ledger against broker 1099-B filings before Form 8949, to detect wrong basis, missing lots and wash-sale flag disagreements while there is still time to fix them.reconciliation

M

mark-to-market-election-for-active-traders-usUse when an active trader with trader tax status is deciding on or operating under an IRC 475(f) mark-to-market election, comparing year-end marks and ordinary treatment against default capital accounting with wash sales.section-475fmulti-jurisdiction-tax-residency-implicationsUse when a trading operation spans jurisdictions and you must establish which country taxes the entity as resident before income is priced, resolving dual corporate residence through the applicable treaty tie-breaker.multi-jurisdiction

R

record-keeping-requirements-for-tax-audit-defenseUse when a US trading operation must substantiate its federal tax return positions under examination, validating documentation completeness, IRC 1222 holding periods and 1091 wash-sale determinations against the IRC 6001 burden of proof.tax-audit

S

section-1256-contract-tax-treatment-us-futuresUse when computing Form 6781 Part I for a book of IRC 1256 contracts: the mandatory last-business-day mark, the prior-year basis adjustment, the 60/40 character split and the three-year loss carryback election.60-40-rule

T

transfer-pricing-for-multi-entity-trading-operationsUse when value crosses between legal entities in a trading group, such as research charged to the intellectual property owner or execution recharged to a fund; computes cost plus, comparable uncontrolled price and TNMM settlements from benchmarks you register.oecd-beps

V

vat-gst-treatment-of-trading-related-servicesUse when classifying a trading entity's vendor invoices for VAT or GST across UK, EU, Singapore and Australia: exempt financial supply, standard-rated, cross-border reverse charge or out of scope, and the input tax that is actually recoverable.gst

W

wash-sale-rule-tracking-usUse when a US taxable account realises losses and re-enters the same security within 61 days, so IRC 1091 disallows the loss: FIFO lot matching, replacement-window scanning, basis carry-forward and the Form 1099-B boxes.irs-section-1091
Search the whole catalog