Does Global Gains Pro replace my need to review cost basis manually?
No. It automates the currency conversion and calculation work, but you review and approve every result before it goes on a return — the audit trail is there so you can verify the math, not so you can skip it.
Which countries' tax forms does it support?
Global Gains Pro currently prepares U.S. Schedules B and D and Form 8949, and Canadian Schedule 3.
I have concerns about protecting my personal information.
Everyone should be careful when providing personal information to an unknown person. We do not sell, trade, or rent Users personal identification information to others.
Can I import transactions directly from my client's brokerage?
You can import an entire brokerage account from Excel.
How does it handle wash-sale or superficial-loss rules across countries?
You can set the applicable wash-sale or superficial-loss rules for the jurisdiction you’re filing in, so the calculation reflects the correct local rule rather than a one-size-fits-all method.
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Do I need to convert the amounts into USD?
No- we will do all the currency conversions for you. We use the spot rate as supplied on www.xe-rates.com which is accepted by the IRS. Our database has over 150 currencies.
