Banking API — Wealth Management
Automated Investment Tax Reporting API
Generate investment tax reports automatically from transaction data. Simplify tax return preparation with capital gains, dividend income, and deduction tracking.
The Challenge
Investors struggle to compile investment income and capital gains for tax returns, often missing deductions.
The Solution
Automatically calculate capital gains, aggregate investment income, and generate tax reports from banking and investment data.
Capabilities
How Fiskil Helps
Capital Gains Calculation
Automatically calculate capital gains and losses with correct cost basis for all sales.
Income Aggregation
Aggregate all investment income including dividends, distributions, and interest.
Franking Credit Tracking
Track franking credits on Australian dividends for tax return claims.
Deduction Identification
Identify deductible investment expenses like management fees and interest.
Implementation
How It Works
Connect Investment Accounts
User connects all investment and bank accounts for complete transaction access.
Analyze Tax Year Transactions
API analyzes all transactions during tax year to identify taxable events.
Calculate Tax Amounts
System calculates capital gains, income, and deductions with supporting details.
Generate Tax Reports
Generate tax reports ready for accountant or direct tax return entry.
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FAQs
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