Workflow Guide
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Workflow Guide
Tax Reporting
How to Connect Ally for Tax Reporting
Generate cost basis reports, capital gains summaries, and transaction exports for tax filing workflows.
Implementation steps
- 1
Confirm all relevant accounts are connected and synced through the current tax year.
- 2
Review cost basis calculations (FIFO) and flag wash sale adjustments where applicable.
- 3
Export transaction summaries and gain/loss reports for tax filing or advisor handoff.
Required evidence
- Cost basis calculation (FIFO)
- Capital gains and loss summaries
- Transaction export for tax filing
Ally-specific considerations
- Monitor Ally cash balances in real time.
- Review Ally merchant categories and monthly spending shifts.
- Keep Ally account movement connected to your broader finances.