No, Direct Indexing and Advanced Indexing should not have a significant impact on the complexity or expense of filing your taxes. For clients who use Turbotax, follow our instructions to import your transactions automatically.
If you don’t use Turbotax, we provide a consolidated 1099 so you only need to report summary-level transactions, rather than entering each transaction individually. See here for more details.
Nothing in this blog should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Financial advisory services are only provided to investors who become Wealthfront Inc. clients pursuant to a written agreement, which investors are urged to read carefully, that is available at www.wealthfront.com. All securities involve risk and may result in some loss. For more information please visit www.wealthfront.com or see our Full Disclosure. While the data Wealthfront uses from third parties is believed to be reliable, Wealthfront does not guarantee the accuracy of the information.