Tax Center

Taxation Overview

Buying and selling securities may be simple, but it takes time and research to understand how to report your transactions for tax purposes and how to factor potential tax liabilities into your investment strategy.

Statements and Forms

Need help reading your Firstrade statements? You'll find everything you need here, along with mailing date information and links to your tax forms.

Tax Planning

Use the tools in this section to:

Tax Topics

Learn the basics about various tax situations and filing requirements.
Important Dates
Date Event
January 31, 2017 Forms 1099R and 1099 Q are released
February 15, 2017 Combined 1099 is released
April 18,2017 IRS Tax filing deadline for tax year 2016
April 18,2017 2016 Traditional & Roth IRA contribution deadline
Contribution limits

2016

Below 50 yrs. old:   $5,500
50 yrs. and older:   $6,500

2017

Below 50 yrs. old:   $5,500
50 yrs. and older:   $6,500

For more details, please visit the IRS website regarding contribution limits.

Calculate how much you can save for retirement.
Your age today
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want to retire
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Total Savings

Save Up To $15 on TurboTax® with a Firstrade discount. You can import account information into the software directly.

Firstrade Tax Tools Provided by GainsKeeper
Automate your account's tax reporting. Track capital gains, cost basis, losses and wash sales while generating IRS forms.