Quick Tax Question

Discussion in 'Trading' started by pumpanddumper, Apr 14, 2008.

  1. I know I'm an asshole and waited. So embarassed and not wanting to face the music from my year. Let's say I don't have to worry about capital gains this year. I went to my accountant today and like an idiot only had my 1099 for trades. Last year I really started to actively trade again after a break of a couple years....

    I jus tdid a search but I can't get through all the threads quick enough to my question...

    I just printed out 30 pages from Jan. 1st- Dec. 31st.

    I need to meticulously go through each buy, sell, amount and match each one up.

    What exactly is entered before I overkill myself?

    Date:7/10/07 09:06:28
    Transaction ID:2346246266809
    Date entered-7-10-07
    Description-Buy 4000 XYZ @7.40
    Order number:2344884782787257

    So I go through and find the sell but it is broken up say 2100 and 1900 at $8.24. Can I just combine it to make it easier to enter on tax return?

    I want to say it's the buy and sell, amount and date entered on tax return correct?

    I want to organize these tonight and just read them off to my guy tomorrow and bang out quick and not waste his time.
  2. NM, I just got my answer.

    It's the date, symbol, amount and you can group the order if it was broken up and got partial fills.