Income Taxes and Record Keeping ( tax ) Message Board

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

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To: Zeuspaul who wrote ()	11/25/1998 7:29:00 AM
From: Ron Chamberlain	Read Replies (4) of 5810

I started trading this year, hopefully for a living, and have trade confirms and monthly statements as my only records. It's really a mess because I don't quite understand the Confirms and statements enough to keep records on them, not sure how to keep trading records anyway. Should I wait until I get the 1099's from the brokerages, then get a CPA? I'm actually about 10K in the red so I don't think I owe any taxes, but I just don't know where to start. Any advise? Thanks. Ron

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