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: Ron Chamberlain who wrote (1519)	11/29/1998 9:12:00 AM
From: Bruno Galliano	Read Replies (1) of 5810

You questions are well put. You do setup an account for each broker. you have the ability to pick lots when you sell. When you sell or buy a stock, you know what the commission rate is, and you enter it as such, for each broker. I use my printer constantly during the day. As I make a trade I print it out. The printout has the shares traded and the gross amount. The gross amounts usually contain all charges etc. At the end of the trading day, I post all of them into Quicken and specify or identify the lots. You can buy many second party books about Quicken. I would surely buy one that was heavy on the investment side of Quicken. There are many on the market. You can spend an off day at Barnes and Nobel etc., or check online at Amazon.com or traders press. The bookeeping for day trading is a hassle, but one you must put up with. It is the law and is as much a part of trading as the trading itself.

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