Recent Content by morgen

  1. Wash Sale calculation gain/loss question?

    The loss of the first trade was added to the cost basis of second trade. Since the second trade has a larger gain than the loss from the first...
    Post by: morgen, Mar 29, 2011 in forum: Professional Trading

  2. What is the easiest way to file a tax return for a high volume day trader?

    I think using a software like TradeMax can solve your problems. Its premier version supports unlimited transactions import, and supports importing...
    Post by: morgen, Mar 29, 2011 in forum: Taxes and Accounting

  3. When filing out schedule d tax form do you round off the numbers for stock price sell

    You can round the actual prices to the nearest dollar. And in the description, yes you can put whole numbers instead of the actual fractions
    Post by: morgen, Mar 29, 2011 in forum: Taxes and Accounting

  4. Tax Forms-Schedule D?

    You need a 2008 one. They are available at www.irs.gov. BTW - you reported it as short term, they only input what you reported. If you did not...
    Post by: morgen, Mar 29, 2011 in forum: Options

  5. profit / loss software

    TradeMax 2011 provides users with easy steps to generate Daily Account/Portfolio Value Chart Report or Mark to Market Gains & Losses Pie report...
    Post by: morgen, Mar 28, 2011 in forum: Trading Software

  6. Short sale stock split tax reporting

    A Stock Split is the increase in number of outstanding shares of a company without any change in the shareholder's equity or market value. There...
    Post by: morgen, Mar 25, 2011 in forum: Taxes and Accounting

  7. Tax advice for day trading, Is TradeMax PreMier good?

    TRADEMAX premier is very stable, supports unlimited quantity of records. Its Daily Account Value chart report helps the users compare your...
    Post by: morgen, Mar 25, 2011 in forum: Trading Software

  8. Is this a wash sale?

    It would be a wash sale if the purchase is by an IRA (including a Roth IRA). When you calculate cost basis with wash sale adjustment, you need...
    Post by: morgen, Mar 22, 2011 in forum: Professional Trading

  9. Cost basis adjustment in Mutual Fund

    It probably had to do with a reinvestment of dividends within thirty days of the sale. the disallowed loss added back to basis is now 'allowed'...
    Post by: morgen, Mar 22, 2011 in forum: Order Execution

  10. Why my statement show a wash sale even I sell at a profit and rebuy the same stock?

    First, you should check once more your transactions again to find out if there is some transactions which sold at a loss and bought the same...
    Post by: morgen, Mar 22, 2011 in forum: Prop Firms

  11. Cost Basis for Mutual Fund

    Your basis -- including the dividends if you reinvested them in additional shares -- simply transfers over to the new shares.
    Post by: morgen, Mar 19, 2011 in forum: Professional Trading

  12. Any better charting and trading software out there for alternative for esignal?

    They are upgrading often, I seldom use this function, because I tend to do some foreign currency transactions...I will give you a link , you can...
    Post by: morgen, Mar 8, 2011 in forum: Trading Software

  13. How do I figure out the capital gains from a transferred stock

    Your tax software is correct. Gifts are valued at the price that the person who gave them to you paid .The recipient's cost basis of stock...
    Post by: morgen, Mar 6, 2011 in forum: Professional Trading

  14. Option trades tax reporting

    options traders that means you better get intimately acquainted with Schedule D of your tax return. This is the form where you report your capital...
    Post by: morgen, Mar 6, 2011 in forum: Taxes and Accounting

  15. Tax Preparation

    Your net gains or losses should be reported on Field No 0810, Line 3 You can refer to the information by visiting the following URL...
    Post by: morgen, Mar 6, 2011 in forum: Taxes and Accounting