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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Randy Nuss who wrote (15543)10/31/2001 11:55:09 PM
From: Doc Bones  Respond to of 19633
 
Randy,

One thing we do is check the "Income Tax and Recordkeeping" thread:

Subject 17266

Doc



To: Randy Nuss who wrote (15543)11/1/2001 12:20:11 AM
From: Paul A  Respond to of 19633
 
I type really really fast/accurately, and I use turbo tax hehe..

Either that or pay for the accountant.. Learning to type is cheaper : )



To: Randy Nuss who wrote (15543)11/1/2001 8:54:03 AM
From: Dale Baker  Read Replies (3) | Respond to of 19633
 
Use Quicken to track all your trades and you can import all your trades into Turbo Tax without retyping anything, just one click. Worked for me the past two years - I plan to use it indefinitely.



To: Randy Nuss who wrote (15543)11/3/2001 8:20:29 PM
From: Tom Hua  Read Replies (3) | Respond to of 19633
 
Randy, I download transactions into Quicken which then does the capital gain report matching buys/sells, determining gain/loss. That's the toughest part, without Quicken I wouldn't be able to manage. The report can't be exported into Excel, unfortunately. I just have to spend a few days doing data entry into Sch. D-1.

Note that Quicken can screw up its report if you go long and short the same stock the same day. But those errors are so obvious you can't miss them.

Regards,

Tom