Any brokers who issue schedule D's

Discussion in 'Risk Management' started by matgallis, Feb 19, 2010.

  1. Hey Guys,

    Does anyone know if there is a broker who will issue schedule D's automatically? Tax season is a real PITA for us active traders
  2. Bob111


  3. What is the cost, if any?
  4. Bob111


    none. it can be off a bit sometimes,but not by much
  5. Bob111


  6. thanks!
  7. morgen


    Actually, the results calculated by IB is not accurate which doesn't take wash sale calculation into account, if you buy and sell stocks several times, the wash sale occurred, and the disallowed wash sale will add to the cost basis when u repurchase the same stock.
    I think a lot of software such as TradeMax, Quicken, etc now support generating schedule D for tax purpose, and I have tried TradeMax, I think it will meet your needs.
    It has a free trail :
  8. morgen


    If you sold stocks at a loss and then repurchased same stocks within 30 days, the wash sale occurred.
  9. Bob111


    not true. all wash sales and ajustments are on Sch D
    need a screenshot?
  10. Surdo



    DO NOT take tax advice from anybody on this site, unless they post the name of their CPA firm!

    Even some CPA advice on this site is incorrect!

    Take all TAX advice with a grain of salt, trust me, a few assholes have posted bad tax advice resulting in audits.

    I am not referring to anybody on this particular thread.

    el surdo
    #10     Feb 25, 2010