Challenges accountants face with their finances
Specific solutions for accountants
Problem: Messy multi-brokerage 1099-B data
Clients connect all brokerages to Clarity, which unifies trade history and calculates consistent FIFO cost basis across every account.
Problem: Chaotic crypto records
Full exchange sync via CCXT plus on-chain wallet tracking. Every trade, swap, and transfer is logged with proper cost basis.
Problem: Cross-account wash sales
Automated wash sale detection across all connected accounts — traditional and crypto. Disallowed losses are flagged and adjusted.
Problem: Expense categorization backlog
Smart merchant categorization runs all year. By tax time, transactions are already sorted into Schedule C-ready categories.
Automatic lot-level cost basis across stocks, ETFs, crypto, and options with FIFO matching.
Cross-account wash sale identification with automatic basis adjustment on replacement shares.
Schedule D, Form 8949, and itemized transaction reports as PDF or CSV.
AI-powered merchant recognition keeps expenses categorized throughout the year.
Have clients connect all accounts before tax season for clean, pre-reconciled data
Generate Form 8949 with proper wash sale adjustments across brokerages and crypto exchanges
Export categorized business expenses for Schedule C without manual sorting
Verify cost basis calculations against 1099-B forms from individual brokerages
“My crypto-heavy clients used to be a nightmare. Now I have them connect everything to Clarity and I get clean cost basis data with wash sales already flagged. Saved me 40+ hours last tax season.”
James L.
CPA, tax practice owner
Yes. Clarity generates Form 8949 and Schedule D reports with proper FIFO cost basis and wash sale adjustments. Export as PDF for filing or CSV for import into tax software.
Clarity tracks every trade, swap, and transfer across connected exchanges and wallets. FIFO lot matching is applied automatically, including wash sale detection on substantially identical crypto assets.
Each client creates their own Clarity account and connects their own institutions. You can recommend Clarity to clients as a pre-tax-prep tool that ensures clean data before they come to you.
Clarity currently uses FIFO (First In, First Out) as the default cost basis method, which is the IRS default for securities. Additional methods are on the roadmap.