Firstrade Now Offers Free Tax-Lot Reporting

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Firstrade Securities, the award-winning, online brokerage firm, is debunking the popular belief that "capital gains are pains" for investors to figure during tax time with a range of online automated tax solutions.

Firstrade Securities, the award-winning, online brokerage firm, is debunking the popular belief that "capital gains are pains" for investors to figure during tax time with a range of online automated tax solutions.

Available only to Firstrade investors, the online software downloads their account information directly into most popular personal finance programs including Quicken and Microsoft Money (2004 version or later). You can also download your account information directly into a spreadsheet, like Excel.

Firstrade's Tax Solutions feature a "Portfolio" page that features a leading edge tax-lot accounting engine. This system records a customer's executed buy and sell orders into a single detailed table. The table is highly customizable, each user can modify the data displayed to his or her preferences.

Firstrade also offers a tax-lot accounting feature that allows customers to download the yearly transaction records into a printer-friendly format or a .csv spreadsheet file. Firstrade's Tax Solutions are free to all customers.

"Tracking trading activity for tax reporting can take an investor countless hours throughout the year and especially at tax time," explained Founder and President John Liu. "We developed the Firstrade Account Download Service to make tax reporting and preparing returns simpler, while reducing reporting errors. It is an effective tool that separates Firstrade from many of the other online discount brokers."

About Firstrade

Founded in 1985, Firstrade is a pioneer in online trading and leads the brokerage industry with a combination of low costs and a high level of customer service for the value-driven investment portfolio containing stocks, bonds, mutual funds and options. Firstrade offers stock trades at the highly competitive rate of $6.95 each.

Firstrade has consistently been recognized among online brokers for its high level of service, varied product offerings and low cost to the investor. For example, in 2006, Kiplinger Personal Finance named Firstrade the "Clear Winner" in the Mutual Funds Category and the "Top Clean-Hands Firm" in the Online Brokerage Industry. Smart Money has named Firstrade "the Best Deal" among online discount brokerages.

For more information, please visit our website at http://www.firstrade.com.

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ANDREW LAVIN

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