tax returns ... approximate cost to have done by accountant?

Discussion in 'Taxes and Accounting' started by stockmarketbeginner, Jan 23, 2018.

  1. 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.
  2. Robert Morse

    Robert Morse Sponsor

    comagnum likes this.
  3. 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.
  4. Robert Morse

    Robert Morse Sponsor

    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.
    comagnum likes this.
  5. 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
    Overnight likes this.
  6. lylec305


    My CPA charge me $450, he specialize in traders. PM for details.
    stockmarketbeginner likes this.