Managing investments and taxes can feel overwhelming, especially during tax season. Fortunately, TradeUP’s integration with TurboTax simplifies the process of filing your taxes accurately and efficiently. In this blog, we’ll explore how this partnership enhances the overall tax season experience for investors.

TurboTax Direct Import

TradeUP now supports direct import into TurboTax! You can securely access and transfer your tax documents directly into TurboTax without manually uploading files. Below are the steps to upload your tax documents directly through TurboTax:

  1. Open TurboTax and log in to your Intuit/TurboTax account.
  2. Navigate to Federal Taxes > Wages & Income.
  3. Select Add investments.
  4. When prompted to connect to your financial institution, enter TradeUP in the search bar. Select TradeUP Securities, Inc. from the list.
  5. Input your TradeUP Account Number. Your Form 1099 Document ID can be found in the top right-hand corner of your Form 1099 Composite, which is available for download in your TradeUP account center.
  6. After submitting this information, TurboTax will automatically import your tax data, and you can then proceed with the tax filing process!

Save Time and Avoid Hassles

One of the key benefits of linking TradeUP to TurboTax is the significant time it saves during tax season. Rather than gathering and entering all your trading information manually, which can be tedious and error-prone, you can directly import your data from TradeUP. With just a few clicks, transaction details—such as capital gains, dividends, and losses—are seamlessly transferred to TurboTax. This automation speeds up the filing process and reduces the risk of errors, making tax preparation stress-free.

Simplified Reporting for Traders

For active investors, reporting can get complicated. TradeUP’s integration with TurboTax automatically generates the necessary tax forms, such as the 1099-B, which captures your sales of securities. This ensures that all your trades are accurately reported, making it easier to track your financial activity and reducing the likelihood of mistakes on your tax return.

Tax Optimization for Your Investments

TurboTax provides strategies to optimize your taxes, such as tax-loss harvesting, which can help reduce your overall tax liability. When your trades are seamlessly integrated, it’s easier to identify potential losses that can offset gains, ultimately decreasing your taxable income. This is especially beneficial for active traders who frequently buy and sell securities.

Accuracy and Compliance

Accuracy is crucial when filing taxes, and the TradeUP-TurboTax integration ensures precise data imports. TurboTax is routinely updated to comply with changing tax laws, so you can trust that your filing adheres to the latest regulations. Utilizing this integration allows you to file confidently, knowing that all trades are reported correctly.

Intuitive User Experience

The partnership between TradeUP and TurboTax significantly enhances the user experience. Both platforms feature intuitive designs that allow clients to navigate their financial data and tax filing with ease. This user-friendly approach ensures that all investors, regardless of their technical expertise, can manage their tax obligations smoothly.

Stress-Free Tax Filing With TradeUP and TurboTax

By integrating TradeUP with TurboTax, the tax filing process becomes easier, faster, and more accurate. Whether you’re an experienced trader or just beginning your investment journey, this integration simplifies tax season and helps you maximize your potential deductions. If you’re ready to invest without worrying about the complexities of taxes, download our mobile trading app today. Experience seamless trading and convenient tax reporting with the best trading platform around!

Start Filing Today!


Disclaimer:The information on this blog is for educational purposes only and should not be considered as tax advice. Please consult with a qualified tax advisor for personalized tax guidance. The information contained in this material is for informational purposes only and is not intended to provide professional, investment, or any other type of advice or recommendation, nor does it create a fiduciary relationship. TradeUP does not make any representation or warranty, express or implied, regarding the accuracy, reliability, completeness, appropriateness, or sufficiency of any information included in this material. Certain information may have been provided by third-party sources, and while believed to be reliable, it has not been independently verified by TradeUP. Any investment decision should not be made solely in reliance on this material, as the information is subject to change without notice. Securities and derivatives transactions involve the risk of loss, including loss of principal. Past performance is no guarantee of future results. It is important to carefully consider the potential benefits and risks involved before making any investment decisions.ons involve the risk of loss, including loss of principal. Past performance is no guarantee of future results. It is important to carefully consider the potential benefits and risks involved before making any investment decisions.
© 2025 TradeUP Securities, Inc. All rights reserved.