The Problem
Challenges accountants face with their finances
- Clients show up with messy 1099-B forms from multiple brokerages and inconsistent cost basis data
- Crypto clients are the worst — trades across 5 exchanges with no unified record anywhere
- Wash sale calculations across multiple accounts mean tedious manual cross-referencing
- Clients never categorize expenses during the year, so you inherit a massive backlog at tax time
- You haven't found a single tool that handles both traditional investments and crypto with proper cost basis
How Clarity Helps
Specific solutions for accountants
Problem: Messy multi-brokerage 1099-B data
Have clients connect all their brokerages to Clarity. It unifies trade history and calculates consistent FIFO cost basis across every account.
Problem: Chaotic crypto records
Full exchange sync via direct API plus on-chain wallet tracking. Every trade, swap, and transfer gets logged with proper cost basis. Finally.
Problem: Cross-account wash sales
Wash sale detection runs automatically across all connected accounts — traditional and crypto. Disallowed losses get flagged and adjusted for you.
Problem: Expense categorization backlog
Smart merchant categorization runs all year long. By tax time, transactions are already sorted into Schedule C-ready categories.
Key Features
FIFO Cost Basis Engine
Automatic lot-level cost basis across stocks, ETFs, crypto, and options with FIFO matching.
Wash Sale Detection
Cross-account wash sale identification with automatic basis adjustment on replacement shares.
Tax Report Export
Schedule D, Form 8949, and itemized transaction reports as PDF or CSV. Ready to file.
Transaction Categorization
AI-powered merchant recognition keeps expenses sorted throughout the year, not just at crunch time.
Real-World Use Cases
Have clients connect all accounts before tax season so you start with 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 the manual sorting nightmare
Cross-check cost basis calculations against 1099-B forms from individual brokerages
Best entry points in Clarity
Start with the surfaces that best match this use case, then connect them back to your actual accounts, holdings, and planning decisions.
Best-fit workflows
Start with these tools
“Crypto-heavy clients used to be a nightmare. Now I just have them connect everything to Clarity and I get clean cost basis data with wash sales already flagged. Saved me 40+ hours last season.”
James L.
CPA, tax practice owner
Frequently Asked Questions
Does Clarity generate IRS-ready tax forms?
Yes. It generates Form 8949 and Schedule D reports with proper FIFO cost basis and wash sale adjustments. Export as PDF for filing or CSV to import into tax software.
How does Clarity handle crypto cost basis?
It tracks every trade, swap, and transfer across connected exchanges and wallets. FIFO lot matching runs automatically, including wash sale detection on substantially identical crypto assets.
Can multiple clients use Clarity?
Each client creates their own account and connects their own institutions. Recommend it as a pre-tax-prep tool so they show up with clean data instead of a shoebox of statements.
Does Clarity support LIFO or specific identification?
Clarity uses FIFO (First In, First Out), which is the IRS default for securities.