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In the US, its basically that simple if you arent a business owner. Might even be simpler.

You type in like 14 numbers, each very clearly delineated.

But... if you are a business owner, it takes like 2-3 weekends. (I say weekends, because we work all day during the week)



There's a big gap between the two, with many individuals in between.

Do you participate in SPP? Then the form you get will have an incorrect cost basis and you need to manually correct them. I guarantee it.

Do you trade individual stocks (e.g. RSUs)? A bit more work.

Got a K-1 form from an investment? Could be straightforward, or if it's real estate, a major pain to fill out those tax forms.




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