About
FundedTax exists because the schema was missing.
Funded prop traders earn through 1099-NEC self-employment income, which generic 1099 tools and generic trader-tax tools both miss. We built FundedTax to sit exactly in that gap — and only that gap.
Why this exists
The CPA didn't understand the prop-firm fee structure.
The founding insight came from a concrete moment: a funded prop trader walked into their CPA's office with a year of statements from three different prop firms and watched the CPA try to fit the data into a Schedule D bucket that wasn't built for it. Evaluation fees were treated as “losses,” profit splits were treated as “short-term capital gains,” and the foreign-firm 1099 ($0 reported) was flagged as “missing.” All of these are factually wrong — and they show up in CPA conversations across the funded-trading community.
The right tax form is Schedule C. The right tax is self-employment. Evaluation fees for accounts that later become funded are deductible business expenses. Foreign-firm payouts without a 1099 are still reportable income. FundedTax handles those decisions in software so the dashboard speaks the language a CPA actually files.
Founder credential
The founder is not a CPA or EA.
That's deliberate, and it's the point. FundedTax is software for organizing tax records, not a license to give tax advice. The product can confidently say “your records reconcile to $X” because that's arithmetic. It cannot say “you should claim this deduction,” because that's professional judgment, and you should get that from someone whose license is on the line.
The clearest signal that you are looking at the right tool is that the tool acknowledges what it isn't. Compare that to anything that promises “file your taxes in 5 minutes” or “our AI expert will guide you.” That promise is the warning sign.
What we won't do
The list is part of the product.
Every item below is something we've decided against on purpose, not something we couldn't figure out. They define the perimeter the rest of the product depends on.
Prepare or transmit a tax return on your behalf
We're informational software, not a tax-prep service. You (or your CPA) file. We organize and export.
Give you tax advice
The founder is not a CPA or EA, and the product is not a substitute for one. Edge cases get a 'coordinate with a CPA' summary, not a confident answer.
Audit defense
If you're audited, hire a CPA or EA. We give them the records; they handle the defense.
Schedule D capital gains or mark-to-market 475(f)
TradeLog and TraderSync own that wedge. We deliberately stay out so we don't pretend to handle a schema we don't.
Crypto tax
Koinly territory. Same reasoning.
State tax at launch
50-state complexity is real work that deserves dedicated attention. It's on the roadmap, not in v1.
AI-generated tax advice or live chat with a 'tax expert'
The IRS does not accept 'a chatbot told me so' as a defense. Neither will your CPA.