Verdict
Traderfyles is worth considering when tax reconciliation is the problem, especially if you need to check broker data or manage wash sales across multiple accounts.
- Tax reporting software, not a trading journal
- Plans range from $0 to $899 per year; Essential starts at $89 per year
- Creates IRS Form 8949, Schedule D, and Form 4797 from broker data, including wash-sale calculations
Traderfyles is tax reporting software for active traders, not a trading journal. The plans listed below range from $0 to $899 per year. The software creates IRS Form 8949, Schedule D, and Form 4797 from broker transaction data, including wash-sale calculations.
What Traderfyles Actually Does
Traderfyles turns broker transaction history into tax forms. Its two main tools are:
1099-B Match lets you drag and drop 1099-B PDFs from your broker. Traderfyles uses them to generate Schedule D and Form 8949. This option suits traders who accept their broker's numbers and want the tax paperwork completed without entering every transaction by hand.
Audit My Broker recalculates gains, losses, and wash sales from raw CSV transaction data. Use it when you want to check your broker's calculations, particularly when wash-sale reporting spans multiple accounts.
Traderfyles also handles cost-basis methods, error reconciliation, TurboTax export, and unlimited broker linking. It supports stocks, options, and crypto. It also supports cash accounting and Section 475 mark-to-market traders.
Broker and Platform Support
Traderfyles connects directly to brokers including TD Ameritrade, E*TRADE, Fidelity, Charles Schwab, Robinhood, Webull, TradeZero, and Cobra Trading. It also supports brokers that clear through Apex, Hilltop, or Wedbush. Crypto exchanges including Coinbase and Binance are supported.
If your broker is not on the list, you can use Traderfyles' generic CSV format. Support will help you format the data at no extra cost.
Pricing Breakdown
Traderfyles uses a credit system: one credit covers one transaction.
Free
- Price
- $0
- Credits
- 25 credits
- Best for
- Testing the tool or handling very light trading volume
Essential
- Price
- $89/year
- Credits
- 1,000 credits
- Best for
- Regular traders using 1099-B Match
Active
- Price
- $279/year
- Credits
- 3,000 credits
- Best for
- Frequent traders, especially Audit My Broker users
Premium
- Price
- $899/year
- Credits
- 10,000 credits
- Best for
- High-volume or professional traders
Plan | Price | Credits | Best for |
|---|---|---|---|
Free | $0 | 25 credits | Testing the tool or handling very light trading volume |
Essential | $89/year | 1,000 credits | Regular traders using 1099-B Match |
Active | $279/year | 3,000 credits | Frequent traders, especially Audit My Broker users |
Premium | $899/year | 10,000 credits | High-volume or professional traders |
The pricing difference between the two main tools matters. 1099-B Match uses 1,000 credits per report, while Audit My Broker uses one credit per transaction. For a high-frequency trader with thousands of trades in a year, the audit cost can add up quickly. Traderfyles recommends the Active plan for that use case.
Unused credits roll over to the next tax year, and there is no lock-in contract.
Traderfyles also offers a separate Tax Pro plan for accountants and tax preparers. It costs $500 per year and includes a client dashboard plus integrations with Drake, ATX, and CCH ProSystem fx.
Who It's Actually Good For
Traderfyles is a good fit for:
Active traders dealing with wash-sale complexity across multiple brokers.
Traders who want an independent check of their 1099-B before filing.
Section 475 mark-to-market traders who need forms that general tax software may not handle well.
Tax professionals with several trader clients who want one dashboard instead of multiple spreadsheets.
Who Should Skip It
Skip Traderfyles if you fall into one of these groups:
Casual investors with only a few trades each year. TurboTax or your broker's tax documents may cover your needs for less money.
Anyone looking for a trade journal or performance analytics. Traderfyles does not analyze setups, win rate, or strategy performance.
Very high-frequency traders on a tight budget. Audit My Broker costs rise with transaction count.
The Bottom Line
Traderfyles is worth considering when tax reconciliation is the problem, especially if you need to check broker data or manage wash sales across multiple accounts. Essential starts at $89 per year. The product has a narrow purpose, and that is its strength: it handles trading tax paperwork rather than trying to become a journal, analytics platform, or broader trading app.