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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Math Junkie who wrote (632)10/17/2001 12:32:41 PM
From: orkrious  Read Replies (2) of 99280
 
how do daytraders handle tax reporting of the large number of trades

I know if you trade enough to file a schedule C as a daytrader, you only need to put totals on the cap gains schedule, not individual trades. The IRS has no interest in the detail. They can get it on the 1099 info filed by your broker if they want it.

I use an accountant in Detroit that has a national reputation for traders. he does traders all over the country. PM me if you want his name.

Jay
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