Hi All, Back in 2009 I attempted to actively trade and based on the number of sales I had, the total amount it showed as what I received was like $35,000 or something since I sold positions actively with mostly small losses or gains, but I did it frequently, so all those small amounts added up. But, in the end I lost a couple grand and never made a capital gain. But now, I got a letter from the IRS saying I owe them a good amount of money since I didn't accurately report the "income" which came from the times I was trading and sold the stock. The summation from them was based on the dollar amount of each stock I held, and it added up to the large number. I am confused, since I know there are active traders who "receive" tens of thousands of dollars a day in stock sales (Let's say they buy and sell in a day 5 positions worth $5k each, thus getting them $25k at the end of the day, for example). At the end of the year at this pace, the amount of "sale proceeds" would be huge. Thus, what would I do now besides appealing to the IRS and telling them it was from stock positions which I sold throughout the year, but lost money on? Thanks!