Can I use it to file my taxes?

You can use it as a basis for your calculations and to cross-check your broker's tax information, but netclariq doesn't file tax returns or provide tax advice.

What if I logged an old buy incorrectly?

Fix it and the FIFO calculation redoes itself: later sales recalculate their cost using the updated lots.

Does it account for wash-sale-style rules?

It isn't applied automatically, since it can depend on trades made outside netclariq. Check with your tax advisor if you've repurchased the same security shortly after selling at a loss.

Modules

FIFO gains and your yearly tax summary

Many tax regimes require the FIFO method when selling homogeneous securities: the units acquired first are treated as sold first. netclariq applies it automatically across your lots.

Every buy creates a lot

When you log a buy, its date, quantity, price and fees are stored. That set is a lot, and the acquisition cost of its units includes any fees paid.

Selling consumes the oldest lots first

A sale consumes lots in order of age until the quantity sold is covered, even across several lots. With the resulting cost and the sale proceeds minus fees, the realized gain or loss is calculated.

Unrealized versus realized

The unrealized gain compares the current market value with the cost of the lots you still hold: it isn't taxable yet. The realized gain comes from actual sales and is what enters your tax return for the year it occurred.

Unrealized: informational, changes with the market price
Realized: taxable, locked in for the year of the sale

The year's tax summary

In Tax reporting you choose the year and get realized capital gains and losses, dividends received and their withholding, with a transaction-by-transaction breakdown and the option to export it as CSV.

Frequently asked questions

Can I use it to file my taxes?: You can use it as a basis for your calculations and to cross-check your broker's tax information, but netclariq doesn't file tax returns or provide tax advice.
What if I logged an old buy incorrectly?: Fix it and the FIFO calculation redoes itself: later sales recalculate their cost using the updated lots.
Does it account for wash-sale-style rules?: It isn't applied automatically, since it can depend on trades made outside netclariq. Check with your tax advisor if you've repurchased the same security shortly after selling at a loss.