Hello, I did about 50-100 trades last year. I have some short term and long term gains. Other than that, my tax return is very simple. About how much do you think it would cost to have an account prepare a tax return like this? I'm not sure how much the trades add to the accountant's time.
I would consider using http://www.gainskeeper.com/ to help with the trading and then file with Turbotax.
Thanks, Robert. Is this difficult to do? I've always used an accountant before. In part to avoid having to learn the software, but mostly to be sure I didn't make a mistake.
I have no stock sales as I only have trading in my Roth. Besides that, turbotax is very easy to use. I have been using it for 4 years. Before that, I use an accountant my adult life. I think it is important to use a specialist to plan your business, LLC, MTM etc. But after that, I prefer to do it myself. Again, I have no wash sales or stock/futures trades to report. For me, just a W2, 1099s and a few K1s.
some traders are doing 100 trades a day.. just take the net pnl from brokers statement and plug it into turbo tax.. IRS doesn't care