IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: At_The_Ask who wrote (1368)	4/3/2003 9:54:52 PM
From: Jon Tara	Read Replies (2) of 1383

What the IRS cares about is that the total sales that you report matchs the total sales on your 1099s. If it doesn't match, that is a big red flag. My understanding is that you don't actually have to detail the individual transactions. At least according to my accountant - he says a single line-item for like-type (stock, option, index option) transactions is fine - using 'various' for acquisition and sale dates. But, of course, check with your own accountant. I got some grief on the Interactive Brokers thread for saying that. :)

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