Fund Tax Pro
Upload a client's 1099 and get the full fund tax report
Instead of looking up each fund by hand, upload the consolidated 1099. Fund Tax Pro finds the dividend pages, reads each fund's Box 12 and Box 1a amounts, applies the resident state's and the U.S. government percentages, and gives you one PDF with the backup and the fund companies' own documents.
How it works
- Choose the tax year and the client's resident state, and add a client reference if you like.
- Upload the statement. A whole consolidated 1099 of 100 pages or more is fine; only the dividend pages are read.
- Review what was found. Each security appears with its amounts, the statement page it came from, and the fund it was matched to. Correct any amount, confirm suggested matches, and search for a fund that wasn't matched.
- Download the report for the client file.
What you can upload
- A full consolidated 1099 PDF from a broker or fund company
- Only the 1099-DIV summary and dividend detail pages
- Several PDFs at once, read as one statement
- Up to 10 photos or screenshots of the pages (PNG, JPG or WebP)
- A scanned PDF of up to 10 pages. For a longer scan, upload just the dividend pages, since scanned pages can't be searched for them.
What's in the report
Summary table
Every fund with its Box 12 amount, the resident state's percentage and amount, its Box 1a amount, and the U.S. government obligation percentage and amount, with totals.
Backup for each fund
The published percentages, the calculation, and the fund company document and page each figure came from, including AMT and foreign-source figures.
Fund company documents
The fund companies' own tax documents, attached after the backup pages, so the support is in one file.
The report also lists what it leaves out: individual stocks, funds Fund Tax Pro doesn't cover yet, and lines you excluded.
Checks before you rely on it
- Matched by identifier first. Securities are matched to funds by CUSIP, then by printed symbol, then by name. A match suggested only from the description is marked for you to confirm and is left out until you do.
- Totals reconciled. The amounts read are compared with the Box 1a and Box 12 totals on the form, and any difference is flagged on screen and in the report.
- Tax year checked. You're told if the statement's year differs from the year you chose.
- You review every line before the report is made, and can change any amount or match.
How client information is handled
- Uploaded files are read and discarded. They are never stored.
- Only the dividend pages are read, by Claude, an AI model from Anthropic. When a PDF has text, Social Security, tax ID and account numbers are removed before any page is sent. Scanned pages and photos are sent as images, so upload only the pages needed.
- The securities and amounts found are kept for 30 days so you can return to the review, then deleted. You can delete an upload sooner.
- Uploads are visible only to people at your firm's account.
Common questions
Do I have to upload the whole consolidated 1099?
No. Upload the whole statement, only its 1099-DIV and dividend detail pages, or photos of those pages. On a full statement, the dividend pages are found automatically and the 1099-B sale pages are skipped.
Which brokers and fund companies does it work with?
Statements from any broker or fund company can be read. The report gives percentages for funds Fund Tax Pro covers: 1,958 funds from 12 fund companies for tax year 2025. Other securities on the statement are listed separately, so nothing is silently dropped.
How accurate is it?
Each amount is read from the statement and shown next to its page number for you to check. The amounts read are added up and compared with the 1099-DIV totals on the form, and any difference is flagged. You confirm each fund and amount before the report is made.
Is the uploaded statement stored?
No. The file is read and discarded. Only the securities and amounts found are kept, so you can come back to the review, and they are deleted after 30 days or whenever you delete the upload.
Does it decide what is deductible or exempt?
No. The report shows what each fund company published and the arithmetic on your client's amounts. You decide how each amount is treated on the return.