Market Gems:Stocks w/Strong Earnings and High Tech. Rank 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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Jordan who wrote (29824)	3/27/1999 1:30:00 AM
From: thumbelina	Read Replies (1) of 120523

Jeff, Read the WSJ article lol- have you figured out what you are going to do yet? I agree with a lot of trading it can get a bit out of hand with the recordkeeping. What has worked for me is when I have a "matched" purchase & sale, I staple the two together, keep it in a pile 'till the end of the month when I get my brokerage statements then input into my excel spreadsheet which is set up identically as the Schedule D. I often update much more often than once a month but when the statement comes in you know it's time to get up to speed. A few hours during a weekend once a month should do it if you are organized. After I enter a trade I "check off" the confirmation to know it's been recorded then I put the month's trades chronologically with that month's statement on top - rubber band & shelf it! Maybe not the most advanced system but found it works well for me. Does anyone have any tips for how they streamline the recordkeeping? I have thought about trying to find a good 'computerized sytem' that would just transfer the data but since I have 3 accounts I feel that it would be too messy unless I did it manually. Anyway, my advice: 1)send in an estimated payment if you think you owe taxes 2) get a extension 3)record every sale that is listed on your 1099 (on a spreadsheet made out just like the 1099) then go back and find the purchase transaction for each sale (the sale is what is reported so make sure you don't miss any). Break it up monthly so it is not so overwhelming. Find a system that works for you so 1999 isn't the same nightmare. Good luck! BTW how did they find you? Caroline

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next