Income Taxes and Record Keeping ( tax ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Daniel who wrote (247)	12/8/1997 10:32:00 PM
From: Box-By-The-Riviera™	Read Replies (2) of 5810

Good point. You'd have to call the broker live.... but it would be interesting to find out if online trades should allow this....i.e. be required to allow this. But, considering sales vs. purchase trades are not all that frequent, spending the extra five bucks avg to talk to a live broker isn't such a hard price to pay IMO if it's that important for your record keeping. Simply keeping track of trading slips and noting sales vs. purchase yourself, would generally not be disputed by an IRS audit....and I think would be win-able in tax court where they to dispute it....not to mention.... the chances of being audited these days...unless you've sent out bunches of red flags is bordering on slim...to none. Joel

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next