Question: Acct Mgt with TOS & TAXES

Discussion in 'Retail Brokers' started by xraptorx, Oct 12, 2009.

  1. xraptorx


    Hello Everyone,

    I have been using TOS for papertrading and I come from the OptionsXpress world. I have now been doing a couple months of option trading (spreads and covered calls) with TOS.

    I have found it rather difficult to see the cash inflows and outflows in the account (credit from selling options, debits from buying options, etc). How do you guys view your trades and accounts from a Cash Flow perspective?

    How do you calculate your cost basis and taxable income from TOS?
  2. MTE


    For taxes you have the tax tool, which is located under the "Monitor" tab => "Account Statement" and then there's a "tax tools" button in the top right-hand corner.