Tax Information for Robo Trading Platform

At Quantum Trades, we strive to make tax reporting as simple and straightforward as possible for our users. Here is some important tax information you should know:

Taxable Events:

Taxable events occur when you sell an asset, earn dividends or interest, or receive a capital gain distribution. In the case of our robo trading platform, taxable events may also occur when your portfolio is rebalanced or when tax loss harvesting is conducted.

Cost Basis Reporting:

We provide cost basis reporting for all assets traded on our platform. This information is necessary for calculating capital gains and losses for tax reporting purposes.

Tax Forms:

Please note that we do not generate tax documents such as 1099 statements with our platform. However, our onboard brokerage partners are responsible for generating these documents and making them available to you. These forms are typically made available to users in mid-January each year.

Tax Professionals:

We recommend consulting with a qualified tax professional for guidance on tax matters related to your use of our robo trading platform. Tax laws can be complex and vary by jurisdiction, and tax professionals can help ensure that you are in compliance with all relevant laws and regulations. Please note that laws and regulations are subject to change, and this information is intended to be a general overview only. For specific tax questions or concerns, please consult with a qualified tax professional.