A wash sale is if you make a trade and incur a loss for that trade, you may not classify it as a loss yet if you trade that same stock within a 30...
but if you do get audited and you're not into hanky panky stuff, you still have to show the IRS all thousands of trades you made which would suck....
Really??? That's great. I'm one of the laziest people come tax time and this is the best news I've heard in a while (other than AMLN going up 27%...
being an MTM though, i have to prove to the IRS that I'm a real trader if I get audited right? I hold an engineering job but have time to make...
yeah, but like i previously stated, I'm planning to move away from Ameritrade to Interactive brokers so I'm wondering how I could easily generate...
To you guys, how do you get your total basis cost for the year without going line by line? I use Ameritrade's free gainskeeper (apex client)...
the IRS won't just take a statement if they audit you though, right? they'll probably tell you it's your problem but they might still want the...
do brokers like IB give you the basis cost and the total sells? so you just do a simple arithmetic or do you keep track of every trade you do...
Does your broker give you your total basis cost for the year? otherwise, you still have to track down each and every trade right? plus, don't you...
Hey guys, I've been reading up on people that do scalp trading and it's amazing how many times trades are done per day. Now my question is, do...
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