What do you do to keep track of trades for taxes? (trading thru IB)

I have submitted summaries on a per-security basis. My accounts have done that for 5+ years and it's never caused any audits. I obviously keep all the details, should the IRS ever want to see it.

 

Thanx to everyone for their reply.

 

I do the same thing. Each security gets just 1 line on my Sched D, with 1 net buy and 1 net sell figure.

edit: and the related P&L of course

 

I don't get a statement that breaks down by security. It just lists all my trades on a daily basis. So to keep track of a p&l by security
would also be a project. I just don't want an accountant
to tell me to list all trades. Then have him charge me big money to do my tax return.

 

I have been using Captools Global Accounting Software and it does handle the accounting of futures, options, and currency trading.

Catoosa