KLOMARK
INVESTMENT / 1099-B TAX REPORTING
NATIONWIDE
If you sold stocks, ETFs, options, or other investments, you may receive a Form 1099-B from your brokerage. Accurate reporting matters because missing or incomplete cost basis can lead to overstated gains and avoidable IRS matching notices. Klomark Accounting helps clients nationwide report investment activity correctly through a secure, fully remote process.
Who This Is For
✅ This service is a good fit if you:
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Sold stocks, ETFs, mutual funds, or options during the year
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Received a 1099-B and aren’t sure how to report it
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Have multiple brokerage accounts or multiple 1099 forms
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Traded frequently and need the reporting handled correctly
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Are concerned about cost basis, wash sales, or missing purchase history
What’s Included
📌 Investment tax preparation typically includes:
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Reporting of investment sales and capital gains/losses (as applicable)
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Review of 1099-B and brokerage summaries for completeness
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Follow-up questions to resolve missing or unclear cost basis items
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Identification of common reporting issues (multiple brokers, duplicate statements)
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Federal + state preparation and e-file after approval
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Organized final copies for your records
How the Remote Process Works
🧾 Our remote process is designed to be simple and consistent:
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Intake
Complete a short intake so we understand what changed this year. -
Secure Document Upload
Upload your tax forms and supporting documents securely. -
Review & Clarifying Questions
We identify missing items and ask only what’s needed to file accurately. -
Preparation & Client Review
We prepare the return and send it for your review before filing. -
Approval & E-file
After approval and authorization, we e-file and deliver your final copy.
Document Checklist (What to Upload)
📂 Common documents include:
Required
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Form 1099-B (and any consolidated 1099 package)
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Brokerage year-end statement or gain/loss summary (if provided)
Helpful (especially if cost basis is missing)
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Trade confirmations or transaction history export
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Notes on transferred accounts or inherited holdings
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Crypto tax reports (if applicable) and exchange statements
If you have multiple accounts
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Upload the 1099 package for each brokerage used during the year
Common Issues We Help Prevent
🛡️ Investment reporting problems often happen when
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Proceeds are reported but cost basis is missing (can overstate gains)
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The same activity is reported multiple ways (statement + summary duplicates)
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Multiple brokerages are used and forms are incomplete
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A brokerage reports wash sales that need to be carried correctly
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Old holdings were transferred between brokers and basis did not follow
Transparent Pricing (Scope-Based)
💲 Transparent pricing logic is primarily driven by:
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Type of return (individual vs. business)
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Number of tax forms and schedules required (e.g., Schedule C, Schedule E, capital gains)
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Investment activity and reporting complexity (1099-B, cost basis, multiple brokerages)
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Rental property activity (income/expense categories, depreciation, multiple properties)
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Number of state returns and nonresident filings
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Quality and completeness of records provided (organized documents reduce time and cost)
FAQs
Do I need to report my 1099-B if I had a loss?
Yes. Investment sales generally must be reported even if the result is a net loss.
What if my 1099-B shows “unknown” or missing cost basis?
We will request additional information to support accurate reporting. Missing basis can result in higher taxable gains if not corrected.
Can you handle multiple brokerages?
Yes. Upload each brokerage’s consolidated 1099 package so reporting is complete.
Do you handle crypto reporting too?
If you have crypto activity, we can review the documents you provide and determine the appropriate scope based on the reports available.
Can you help reduce the chance of IRS matching notices?
Accurate reporting and complete documentation are the best defense. We follow up when something looks incomplete or inconsistent.
