RE: CPA for NYC day trader

anyone knows a good CPA for day trader in NYC? thanks!

 

Hope you don't have wash sales.

 

www.tradelog.com specialise in wash sales.

 

I have seen and heard of that program.

I'll be honest a bit technical for me.

Plus any wash sale questions I have ever had are almost impossible for any CPA to answer. Most have not a clue about answers that relate to wash sale situations

 

The tradelog software works out the washsales. They have consulting as well. No comeback from IRS.

 

I heard that sometimes the wash sales on 1099 are not accurate, true or false?

 

%%
I found mine in yellow pages
One listed her name as ''Goodrich''
I asked about how much for XX pages of Federal tax returns. Not in NY , but that answers your question...........................

 

What special knowledge does day trading require of a CPA?

 

I have one but I don't want to increase his workload. Sorry.

 

Of course 1099s have mistakes. Not most of the time, but sometimes the stock or your trades confuse their software and it gets stuff wrong. More often with the retail brokers of the world. IB has been quite good for many years now, definitely a cut above in accuracy.

in addition, as an option for an active day trader, you can elect mark to market accounting, which would avoid any wash sale related hassles. Whether or not that makes sense for your particular situation is a different question.