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Strategies & Market Trends : IRS, Tax related strategies--Traders
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To: Gary Payton who wrote (327)6/7/1998 9:44:00 PM
From: Colin Cody  Read Replies (1) of 1383
 
I started the year with 100K and ended with 200K, with 10K spent on broker commishes
Started with 100K OF WHAT?
Ended with 200K OF WHAT?

Taxes are computed based on PER TRADE computations of profits/losses.

You could have wash sales, you could have unsold stocks held at the beginning or the end of the year. You could have added cash, or stocks to the account during the year... or you could have withdrawn from the account during the year.

To many unknowns to guess at your taxable profits

Colin
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