Case Study: TraderFyles achieves IRS-ready automated tax form generation with LambdaWorks

TraderFyles launches IRS-ready tax forms from hundreds of trades with LambdaWorks

LambdaWorks partnered with TraderFyles, a platform for active trader tax filing, which faced the challenge of accurately processing hundreds of taxable events from multiple brokers. Before TraderFyles, traders had to either hire a specialized CPA at great expense or manually reconcile trades with a high risk of error, as no existing software was purpose-built for this complex task.

LambdaWorks ran product discovery to validate the concept before building a scalable platform. The solution they implemented included automatic wash sale management, capital gains calculation, trade reconciliation, and IRS-ready form generation. The resulting platform handles large transaction volumes without performance degradation and is architected for easy future expansion, providing traders with accurate, automatically generated tax forms.

TraderFyles