It's fantastic that you're taking the initiative to understand your realized gains on Webull! This is a crucial step for managing your investments and preparing for tax season. Many investors focus on unrealized gains (what your investments are currently worth on paper) but realized gains are where the rubber meets the road, as they impact your taxable income.
Let's dive in and learn exactly how to see those realized gains on Webull, step by step!
How to See Realized Gains on Webull: A Comprehensive Guide
Understanding your realized gains and losses on Webull is essential for managing your investment performance and fulfilling your tax obligations. Realized gains occur when you sell an investment for a higher price than you bought it, while realized losses occur when you sell for less. Here's a detailed, step-by-step guide to finding this crucial information on the Webull platform.
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| How To See Realized Gains On Webull |
Step 1: Engage with Your Webull App - It All Starts Here!
First things first, open up your Webull app! Are you on your phone or tablet? Great! If you're on a desktop, the process is very similar. The Webull app is your gateway to all your investment data, and navigating it correctly is key.
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Launch the Webull App: Find the Webull icon on your mobile device and tap it.
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Log In: You'll likely be prompted to enter your PIN or use Face ID/fingerprint authentication. This ensures the security of your financial information.
Step 2: Navigating to Your Account Overview
Once you're securely logged in, you'll land on your main Webull dashboard. This is usually where you see your overall account value and perhaps some of your open positions. To dig deeper and find your realized gains, we need to go to a specific section.
Accessing the Menu
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Locate the Webull Icon: On the main screen (often at the bottom or top of the screen, depending on your app version), you'll find a central Webull icon or a "Menu" button. Tap this to open the main navigation menu.
Step 3: Finding Your "History" or "Asset" Page
Tip: Patience makes reading smoother.
Within the main menu, Webull organizes your information into various categories. To see your realized gains, you're looking for where your past transactions and profit/loss are recorded.
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Look for "Assets" or "History":
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Some Webull app versions may have a direct "Assets" tab that shows your positions and P&L. Here, you'll often see an "Open P&L" (unrealized) and may have an option to view realized.
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More commonly for realized gains, you'll need to go to the "History" section. This section is designed to show you all your past transactions, including sales.
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Step 4: Delving into Your Transaction History for Realized Gains
The "History" section is where the magic happens for realized gains. This is where every buy and sell order is meticulously recorded.
Exploring Your Transaction Data
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Select "History" (or similar): Tap on the "History" tab or option within the menu.
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Filter Your Transactions (Crucial!): This is the most important step to pinpoint your realized gains.
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Look for a "Filter" button or an option to adjust the time period.
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You'll want to filter by "Transaction Type" and select "Sell" (or "Closed Positions" if that's an option). This will show you all the investments you've sold.
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You can also filter by "Time Period" (e.g., "Last 3 Months," "Year-to-Date," "Custom Range"). Choosing "Year-to-Date" is especially helpful for tax purposes.
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Identifying Realized P&L
Once you've filtered by "Sell" transactions, you'll see a list of all your closed positions. For each sold position:
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Locate the P&L Column: You should see a column or section clearly labeled "P&L" or "Profit/Loss."
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Green Numbers with a '+' Sign: These indicate a realized gain. You sold the asset for more than you bought it.
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Red Numbers with a '-' Sign: These indicate a realized loss. You sold the asset for less than you bought it.
Aggregating Your Realized Gains
Webull often provides an aggregate view as well:
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Year-to-Date (YTD) P&L: Many users find a "Year-to-Date" summary in the History section. This figure often combines both realized and unrealized P&L for the current year. To specifically focus on realized gains for tax purposes, you will likely need to export a statement or refer to tax documents (as explained in the next step).
Step 5: Accessing Your Tax Documents for a Comprehensive Overview
Tip: Don’t skim past key examples.
While the "History" tab gives you a good immediate view, for a comprehensive summary of your realized gains (especially for tax filing), you'll want to access your official tax documents. Webull, like all brokerages, provides these annually.
Navigating to the E-Document Center
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Go to the Webull Menu: From your main dashboard, tap the Webull icon or "Menu."
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Find "Documents" or "Tax Documents": Look for an option like "Documents," "E-Documents," or "Tax Documents."
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Locate Your 1099 Composite Form: This is the primary document you'll need for tax filing. It typically includes:
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Form 1099-B: Reports capital gains and losses from stock and option trades. This is the key form for your realized gains and losses.
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Form 1099-DIV: Reports dividends.
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Form 1099-INT: Reports interest income.
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Downloading Your Tax Form
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Select the Relevant Tax Year: Choose the year for which you want to see your realized gains.
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Download the PDF: Webull will provide a PDF version of your 1099 Composite Form, which you can download and save for your records or send to your tax professional.
Important Note on Tax Forms: Webull typically makes these documents available in late January or early February for the preceding tax year. You'll usually receive an email notification when they are ready.
Understanding the Nuances: Realized vs. Unrealized Gains
It's crucial to distinguish between realized and unrealized gains.
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Unrealized Gains/Losses: These are "paper" gains or losses. Your open positions show a profit or loss based on their current market value compared to your purchase price. You haven't sold them yet, so these gains are not taxable.
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Realized Gains/Losses: These are actual profits or losses from investments you have sold. These are the ones that count for tax purposes.
Tips for Tracking Your Realized Gains
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Regularly Review Your History: Get into the habit of checking your "History" tab after you make sales.
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Keep Records: While Webull provides documents, it's a good practice to keep your own simple records or spreadsheets if you're an active trader.
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Understand Wash Sales: Be aware of wash sale rules, which can affect how your losses are reported for tax purposes if you repurchase a substantially similar security within 30 days of selling it at a loss. Your 1099-B will account for these.
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Consult a Tax Professional: For complex situations or if you have significant trading activity, always consult a qualified tax professional.
10 Related FAQ Questions
Here are 10 frequently asked questions about realized gains on Webull, starting with "How to":
QuickTip: Use posts like this as quick references.
How to distinguish between realized and unrealized gains on Webull?
Unrealized gains are for open positions (stocks you still own) and are shown as "Open P&L" on your asset page, reflecting the current market value. Realized gains are from closed positions (stocks you've sold) and are found in your transaction history or on your 1099-B tax form.
How to access my yearly realized gains statement for tax filing on Webull?
You can access your official tax documents, including the 1099 Composite Form (which contains your realized gains and losses on Form 1099-B), in the "E-Document Center" within the Webull app or on the Webull website, typically available by late January/early February.
How to filter my transaction history to only see sales that generated realized gains/losses on Webull?
Go to your "History" tab, then look for a "Filter" option. Select "Sell" or "Closed Positions" under "Transaction Type" and choose your desired time frame. This will show you all your realized transactions.
How to calculate my total realized gain or loss for a specific stock on Webull?
Webull's "History" section will show the P&L for each individual sell transaction. To calculate your total for a specific stock, you would sum up the P&L from all its corresponding "Sell" entries in your filtered transaction history for a given period. Your 1099-B will provide an aggregate view.
How to find out if a particular trade resulted in a short-term or long-term realized gain/loss on Webull?
Tip: Read once for gist, twice for details.
Your 1099-B tax form will break down your realized gains and losses into short-term (held for one year or less) and long-term (held for more than one year), which is crucial for tax purposes as they are taxed at different rates.
How to get a detailed report of all my realized transactions on Webull?
The best way to get a detailed report is by downloading your 1099 Composite Form from the E-Document Center. This legally mandated document provides a comprehensive breakdown of all your realized gains and losses for the tax year.
How to correct a discrepancy I see in my realized gains report on Webull?
If you believe there's a discrepancy, first cross-reference your own trade confirmations with the report. Then, contact Webull's customer support directly through the app or their website's support channels to inquire about the issue.
How to know when my Webull tax documents, including realized gains, will be available?
Webull typically notifies users via email when their tax documents are ready in the E-Document Center, usually in late January or early February for the previous tax year.
How to export my realized gains data from Webull to tax software like TurboTax?
Webull often partners with tax software like TurboTax, allowing for direct import of your 1099 data. When using tax software, look for an option to import from Webull (or Apex Clearing, as Webull's clearing firm). You'll typically need your Webull (Apex) account number and Social Security Number.
How to understand the "cost basis" related to my realized gains on Webull?
The "cost basis" is the original price you paid for an investment, including commissions. When you sell an investment, your realized gain or loss is calculated by subtracting your cost basis from the sale price. Your 1099-B form will list both the proceeds from sales and the cost basis for each sold security.
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