TraderTaxHQ specializes in tax preparation for prop firm traders. We handle 1099-NEC, 1099-MISC, and 1099-K reporting from firms like Apex, Topstep, FundingTicks, and more.
Most U.S. prop firms report payouts on Form 1099-NEC (nonemployee compensation), which means your earnings are treated as self-employment income—not capital gains.
This classification has important implications: you'll owe self-employment tax (15.3%) on top of regular income tax, but you can also deduct trading-related business expenses.
Some firms may issue 1099-MISC or 1099-K depending on their structure and payment processing. Foreign-based prop firms like FTMO typically don't issue U.S. tax forms, but the income is still fully taxable.
We prepare tax returns for traders at all major prop firms, whether U.S.-based or international.
Don't see your firm? We handle payouts from any prop trading company.
Our prop firm tax preparation covers everything you need to file accurately and maximize deductions.
Accurate Schedule C preparation for prop firm income
Handle payouts from multiple prop accounts
Strategies to reduce self-employment tax burden
Thorough documentation for IRS compliance
Your ideal plan depends on your trading activity and whether you also have personal brokerage accounts.
$297/year
For prop-firm and light personal traders.
$497/year
For prop traders with 2-3 broker accounts.
$997/year
For active traders with multiple brokers and prop firms.
Starting at $2,497/year
For trading businesses and entities.
Get started in 5 minutes. We'll handle the complexity so you can focus on trading.
Start My Prop Firm Return