Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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To: BarbaraT who wrote (1906)	12/13/1998 12:57:00 PM
From: Donna Carey	Read Replies (4) of 56532

Barbara, bookkeeping, Seems like the women here are pretty disciplined when it comes to the record keeping aspect of trading. Having worked for a tax firm for 12 years, I am pretty comfortable when it comes to doing my own. I keep an ongoing schedule D throughout the year for each brokerage I have an account with. Then when tax time comes, I enter the totals from the brokerage and send the schedule D lists as supporting documents. I keep track of wash sales as I go along, making it much easier for myself at tax time. We each develop a system that works for us and yours sound VERY GOOD. The important thing being, to HAVE a system. If I was preparing your taxes, I would be thrilled to be handed a well organized packet like yours.

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