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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K
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To: John Chapman who wrote (7363)12/29/1999 8:51:00 PM
From: John Chapman  Read Replies (1) of 7491
 
Or maybe not so nice come April 15 if one's trade data is corrupted due to a noncompliant money program. I am making hard copies of all my trade data now just in case. I have also exported the trade data to my tax program which is compliant. I have also made three backup floppies because I know floppies and/or backups do not work sometimes. Still hate the idea of checking the results on Scedule D though. I trade a lot and it has been a breeze to simply export the data to the tax program and let it rip without any check at all.

That is probably what most will do and will not know if the bottom line on Sch D is right or wrong. The IRS probably will not know either unless they find it on a few unlucky souls who are audited. But I am a bean counter and must know if my numbers are right or wrong.

If wrong answers, will have to enter all those trades manually from the hard copies directly into the tax program.

Two or so months from now we COULD hear a lot of screaming from the herd. Maybe not. Time will tell.

All this IMHO and what I am personally doing. Everyone else, do what you want.

PS: I hedged my bets though as I know my money program is now compliant by using Cashco's program and then buying an upgrade version. My accounting package is also compliant (now)
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