Workflow Guide
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Workflow Guide
Tax Reporting
How to Connect Betterment 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
Betterment-specific considerations
- Track Betterment balances and changes in one dashboard.
- Compare Betterment performance with other brokerages and banks.
- Keep Betterment activity visible inside total net worth.