tax question for those with 100's of trades year end

Discussion in 'Taxes and Accounting' started by eethie777, May 10, 2006.

  1. im making a lot of trades this year, and am wondering how you scalpers do your taxes when you have tons of trades, do you list everything on schedule D or what are my alternatives to avoiding listing hundreds of individual trades.......or what do some of you lazy people do to avoid this tax mess?
  2. Ebo


    Trade futures!
  3. range


    List everything. Not that big a deal. Depending on your broker, you can download to Excel, TurboTax, etc. If you can't download, change brokers now.
  4. Bob111


    tax season is over about month ago.
    my approach for 2005 is simple as it was for last N years.write down proceeds(provided by your broker),substract your PnL from it and put this number as purchase price. purchase date is 1/1/2005, sale day-12/31/2005. one line on your tax your taxes.