Discussion in 'Trading' started by thomfergu, Mar 28, 2007.
hi .can u guys recommend someone who does taxes in Chicago it was my first year im totally green
What type of help do you need? Are you just an employee who gets a simple W2 at the end of the year or are you a self-employed tax nightmare with multiple Schedule Cs?
no i'm self employed. the thing is that 2006 was my first trading year and i suffered small loss. i did maybe 40 trades and lost around 500 but at end of the year i sold short few stocks and carried in to next year. now my broker send me a combined form 1099 there is bunch of trades but profit and loss realized in 2006 is 0.and when i went to the guy who does taxes for me it seems that i have to pay taxes from over $30000.00 thats the costs of shares i sold .i know its crap he just does not understand what short sale is .then i talked to my broker he says if i didn't made any money its up to me if i want to report at all.so i'm little confused now .so maybe someone can recommend somebody
Save your cash and pick up a copy of TurboTax Home & Business edition. That should solve all of your problems. It has a very extensive Schedule D section that will allow you to sort all of your trades by date and basis. That should take care of your little problem.
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