Is there a forum here for Daytraders tax preparation? If not, can someone please recommend a site or sites where I could ask some questions. Thanks
Check out the sites below. Gainskeeper put together over 600 trades for me onto a Schedule D in less than a minute. http://www.gainskeeper.com/ http://www.greencompany.com/
I heard there is a problem when you try to import a large number of trades from gainskeeper or Gtt Tradelog into TurboTax. I am hoping to find a solution to this. 600 trades is not much compared to what a lot of people do
taxes from day trading are very simple,cause they are count as ordinary income. get proceeds from your broker tax form,subtract your PnL and you got your cost of basis. put those 3 numbers in sch D and you are done.